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Reading: Trump Says With Lower Oil Prices, Putin is More Eager to Settle The Ukraine War
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US President Donald Trump/Oval Office at the White House, in Washington, DC, US, May 5, 2025. REUTERS/Leah Millis
USA

Trump Says With Lower Oil Prices, Putin is More Eager to Settle The Ukraine War

Published May 7, 2025
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Tuesday, May 6`, 2025
Year : 2, Issue: 36

Reuters: US President Donald Trump said Moscow and Kyiv want to settle the war in Ukraine and that Russian President Vladimir Putin was more inclined towards peace after the recent fall in the price of oil.
“I think Russia with the price of oil right now, oil has gone down, we are in a good position to settle, they want to settle. Ukraine wants to settle,” Trump told reporters in the Oval Office on Monday.
The price of oil – which drives the Russian economy – has fallen around $15 a barrel since the start of the year. OPEC+ will accelerate oil output hikes, sources told Reuters.
“We’ve come a long way, and, it could be something will happen, but hopefully it will,” Trump said.
“As you know, President Putin just announced a three-day ceasefire – which doesn’t sound like much but its a lot if you knew where we started from,” Trump said. “This is a war that should never happened”.
Trump said that the number of those killed in the war was far higher than reported by most media organisations. Neither side in the war publishes up to date casualty figures.
The Kremlin, asked on Monday about a possible meeting between Trump and Putin in Saudi Arabia, said that a meeting was necessary but that Putin had no trips to the Middle East planned for mid-May. Trump has said he plans to visit Saudi Arabia as early as May.
The New York Times, The Washington Post and the Wall Street Journal have reported that Ukraine – which has repeatedly denied involvement – was behind the attack. Ukraine has repeatedly denied involvement.
Russia has accused Western powers including the United States and Britain of being involved in the attack, but has published no evidence to support its theory.

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