Trump plans to shorten the ceasefire period between Russia and Ukraine, causing a short-term spike in oil prices.

Recently, US President Trump announced that he will shorten the 50-day deadline for Russia and Ukraine to reach a ceasefire agreement, expressing disappointment in Putin's continuation of the war. This statement has sparked widespread market attention, with the economic impact of sanctions, fluctuations in the energy market, and Russia's retaliatory measures becoming the focus. Trump threatened that if Russia does not end its hostile actions against Ukraine, harsh economic sanctions will be imposed. However, since Trump issued the threat, Russia has continued to launch missile and drone attacks on Ukrainian cities, further intensifying the urgency of sanctions. The market has reacted sensitively to this, with investors concerned about the chain reaction that sanctions may trigger, including energy price fluctuations, trade disruptions, and the rise in geopolitical risks. As a major global energy exporter, Russia's changing situation has a significant impact on the energy market. As of the time of writing, WTI crude oil rose by 2.06% to $66.50 per barrel, while Brent crude oil rose by 2.01% to $68.47 per barrel. According to Russian Finance Ministry data, due to weak oil export prices, Russia's oil and gas revenue is expected to lose 447 billion rubles in 2025. This data reflects the uncertainty in the energy market and highlights Russia's economic dependence on energy exports. It is understood that the International Monetary Fund (IMF) predicts a global economic growth rate of 3.2% in 2025, but warns that trade tensions continue to overshadow the outlook. Trump's sanctions policy and trade agreements between the US and Europe may have far-reaching effects on the global economy. It is worth mentioning that the EU has reached a trade agreement with the US, imposing a 15% tariff on EU goods imported into the US, while the US also plans to impose tariffs on goods from Mexico and other countries. These changes in trade policies will undoubtedly increase global market uncertainty.