Oil prices volatile after Trump claims ‘energy ceasefire’ in Ukraine war
Announcement follows diesel deal with Putin as US president tries to contain impact of higher fuel costs ahead of election
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Crude oil
Unrefined petroleum extracted from the ground; Brent and WTI are its main global price benchmarks.
Oil prices feed into fuel, transport and goods costs, and so into inflation.
More about Crude oilCeasefire
An agreement between warring sides to stop fighting, temporarily or as a step toward a lasting peace deal.
Ceasefires save lives and open space for aid and negotiations, but they often break down.
More about Ceasefire
