Putin, Zelenskiy Summit Plan, MTA to Expand 2nd Ave Subway
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hill
12 minutes ago
- The Hill
Trump called Orban to win his support for Ukraine joining EU: Report
President Trump called Hungarian Prime Minister Viktor Orban on Monday to win his support for Ukraine to join the European Union (EU), a conversation that came after discussions with European leaders who were at the White House, Bloomberg News reported on Tuesday, citing people familiar with the matter. The talk with Orban, one of the staunchest Trump allies in Europe, resulted from the president's Monday deliberations with European leaders who were in Washington, along with Ukraine's President Volodymyr Zelensky. The top European officials asked if the president could utilize his sway over the Hungarian prime minister to force the nationalist leader to do away with his opposition to Ukraine's joining the EU, a goal Kyiv has long sought, the outlet reported. Hungary expressed willingness to host the next summit, featuring both Zelensky and Russian President Vladimir Putin. Trump has backed the idea of a Putin-Zelensky summit, after which a trilateral meeting would take place between the two leaders and the U.S. president. The location and timing for the meeting are unclear. The White House is eyeing a trilateral meeting between Trump, Putin and Zelensky in Budapest, Politico reported on Tuesday, citing a White House official and another person close to the administration. Orban, who has a warm relationship with Putin, has tried to block or delay the EU's attempts to send weapons to Ukraine in the past, along with, at times, objecting to sanctions against the Kremlin. Neither the White House nor Orban's office has commented on the call. Orban said on Tuesday on Facebook that Ukraine's membership in the EU 'does not provide any security guarantees,' therefore, 'linking membership with security guarantees is unnecessary and dangerous.' Trump's call with Orban came the same day as the president's discussion with Putin, which lasted about 40 minutes and took place without European leaders or Zelensky being in the room with the commander-in-chief. The gathering of European officials and Zelensky in Washington on Monday came just days after Trump, along with Secretary of State Marco Rubio and special envoy Steve Witkoff, met with Putin, alongside two other Russian officials, on Friday in Alaska. Rubio now leads the recently formed joint commission that will work on drafting a security guarantees proposal for Ukraine. The commission is made up of U.S., European, Ukrainian and NATO officials. Trump, who has pushed to end the Russia-Ukraine war, the conflict that has raged for about three-and-a-half years, signaled openness to providing air support for Ukraine as part of security guarantees. 'We're willing to help them with things, especially, probably, if you talk about by air because nobody has stuff we have,' the president said Tuesday.
Yahoo
20 minutes ago
- Yahoo
Crude Prices Gain on Doubts About an Early End to Russian-Ukrainian War
September WTI crude oil (CLU25) on Monday closed up +0.62 (+0.99%), and September RBOB gasoline (RBU25) closed up +0.0262 (+1.26%). Crude oil prices on Monday settled higher on speculation that there will be no resolution to the Russian-Ukrainian war anytime soon, which could lead to secondary sanctions on Russian crude exports that tighten the global oil supply. Dollar strength on Monday limited gains in crude. More News from Barchart Nat-Gas Prices Settle Lower on Forecasts for Cooler US Temps Crude Oil Little Changed Ahead of Trump-Zelenskiy Meeting Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Crude prices are awaiting any details of the results of Monday's meeting between Presidents Trump and Zelenskiy in Washington. Any resolution to the Russian-Ukrainian war could be bearish for crude prices, as an end to the war could mean allowing Russian crude to trade freely and could lead to an end to sanctions on Russian energy exports. Crude prices are also under pressure after President Trump signaled he was in no hurry to ramp up secondary sanctions on Russian energy exports if there was no quick end to the war. Concern about higher OPEC production is weighing on crude prices after OPEC+ on August 2 endorsed an additional 547,000 bpd increase in its crude production for September 1. OPEC+ is boosting output to reverse the 2-year-long production cut, gradually restoring a total of 2.2 million bpd of production by September 2026. OPEC+ has 1.66 million bpd of supplies that are currently due to remain offline until late 2026. OPEC July crude production fell by -20,000 bpd to 28.31 million bpd. A decline in crude oil held worldwide on tankers is bullish for oil prices. Vortexa reported today that crude oil stored on tankers that have been stationary for at least seven days fell by -12% w/w to 82.49 million bbl in the week ended August 15. Last Wednesday's weekly EIA report showed that US crude oil inventories rose +3.04 million bbls to a 2-month high in the week ended August 8. The weekly EIA report showed that (1) US crude oil inventories as of August 8 were -5.1% below the seasonal 5-year average, (2) gasoline inventories were +0.25% above the seasonal 5-year average, and (3) distillate inventories were -15.45% below the 5-year seasonal average. US crude oil production in the week ending August 8 rose by +0.3% y/y to 13.327 million bpd, modestly below the record high of 13.631 million bpd posted in the week of 12/6/2024. Baker Hughes reported last Friday that the number of active US oil rigs in the week ending August 15 was unchanged at 411 rigs, just slightly above the 3.75-year low of 410 rigs from August 1. Over the past 2.5 years, the number of US oil rigs has fallen sharply from the 5.25-year high of 627 rigs reported in December 2022. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
33 minutes ago
- Yahoo
Oil prices rise after supply concerns resurface as Ukraine peace talks stall
By Colleen Howe BEIJING (Reuters) -Oil prices rose on Wednesday as supply concerns are resurfacing while peace talks ending Russia's invasion of Ukraine are likely to take longer, leaving in place sanctions on Russian crude and raising the chance of further restrictions on its buyers. Brent crude futures were at $65.93 a barrel by 0149 GMT, up 14 cents, or 0.21%. U.S. West Texas Intermediate crude futures for September delivery, set to expire on Wednesday, rose 37 cents to $62.72 a barrel, up 0.59%. The more-active October contract was at $61.92 a barrel, up 15 cents. Prices settled down more than 1% on Tuesday on optimism a deal to end the war seemed closer, which would mean the easing sanctions on Russia and an increase in global supply. However, despite comments from U.S. President Donald Trump on Tuesday the U.S. might provide air support as part of a deal to end Russia's war in the country, he also conceded Russian President Vladimir Putin might not want to make a deal after all. Trump on Monday said he was arranging a meeting between Russian President Vladimir Putin and Zelenskiy, to be followed by a trilateral summit among the three presidents. Trump said on Tuesday he discussed holding possible talks between Zelenskiy and Putin in Hungary with the country's Prime Minister Viktor Orban. Russia has not confirmed it will take part in talks with Zelenskiy. "The likelihood of a quick resolution to the conflict with Russia now seems unlikely," said Daniel Hynes, senior commodity strategist at ANZ, in a note on Wednesday. In the U.S., BP said on Tuesday operations at its 440,000-barrel-per-day refinery in Whiting, Indiana, were affected due to flooding caused by a severe thunderstorm overnight, potentially weighing on the facility's crude demand. The site is a key fuel producer for the Midwest market.
