President Trump’s plane has landed in Alaska ahead of his meeting with Russian President Vladimir Putin, scheduled to begin at 3 PM ET — about 40 minutes from now. Reports indicate the talks could last for hours, meaning any outcomes are unlikely before the U.S. market close.
Objective: The primary goal is to find a solution to the Russia–Ukraine war, though discussions may also cover de-escalation of tensions and economic sanctions. Pres. Trump has also indicated that he would want to see a cease-fire announced ahead of the next summit between Ukraine and Zelenskiy.
Format change: Instead of a one-on-one, the meeting will be a three-on-three, including Secretary of State Rubio and U.S. envoy Witkoff, both of whom met with Putin last week to lay the groundwork.
Aftermath: Following the meeting, President Trump is scheduled to call Ukrainian President Zelenskiy and EU officials. Trump has reiterated his belief that Ukraine and Russia will ultimately need to strike a deal for peace — likely involving the ceding of some territory to Russia, an idea Ukraine has rejected.
Crude oil is moving lower on peace hopes that Russian sanctions would be eased. The price of crude oil is down $-1.20 at $62.75.
