{"id":58576,"date":"2025-08-19T18:19:15","date_gmt":"2025-08-19T18:19:15","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-dip-as-trump-zelenskyy-signal-talks-with-putin"},"modified":"2025-08-19T18:49:39","modified_gmt":"2025-08-19T18:49:39","slug":"oil-prices-dip-as-trump-zelenskyy-signal-talks-with-putin","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-dip-as-trump-zelenskyy-signal-talks-with-putin","title":{"rendered":"Oil Prices Dip as Trump Zelenskyy Signal Talks with Putin"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>Oil prices slipped on Tuesday after comments by US President Donald Trump and Ukrainian President Volodymyr Zelenskyy fueled expectations that the war in Ukraine could move toward a resolution and sanctions on Russian crude could be eased.<\/p>\n

International benchmark Brent crude fell 0.77% to $65.63 a barrel at 10.10 a.m. local time (0710 GMT), down from $66.14 at Monday’s close.<\/p>\n

US benchmark West Texas Intermediate (WTI) decreased 0.79% to $62.11 per barrel, compared to $62.61 in the previous session.<\/p>\n

Prices retreated after Trump said preparations had begun for a trilateral summit with Russian President Vladimir Putin and Zelenskyy, which he would also attend.<\/p>\n

Zelenskyy reiterated he is ready for bilateral talks with Putin ahead of a broader format involving the US and European leaders.<\/p>\n

German Chancellor Friedrich Merz said following the meeting in Washington, which included European leaders, that Zelenskyy and Putin were expected to meet within two weeks.<\/p>\n

The announcements eased market concerns over supply flows and weighed on prices.<\/p>\n

Analysts said that while a ceasefire or peace deal is not imminent, the progress in negotiations has reduced geopolitical tension.<\/p>\n

Meanwhile, investors also turned their focus to US trade measures against India, after the Trump administration announced on Aug. 6 a 25% penalty tariff on Indian goods over New Delhi’s purchases of Russian oil.<\/p>\n

The levy, which takes effect on Aug. 27, will raise total tariffs on many Indian imports to as much as 50% and has stalled trade talks between Washington and New Delhi.<\/p>\n

Peter Navarro, a counsellor for trade and manufacturing at the White House, on Monday called India’s “dependence” on Russian crude “opportunistic and deeply corrosive of the world’s efforts to isolate Putin’s war economy.”<\/p>\n

New Delhi has pushed back on US tariffs, calling the Trump administration’s moves “unfair and unjust.”<\/p>\n

According to Navarro, India’s purchases of Russia’s crude oil had climbed to over 30% of its total imports, from a mere 1%, since the Ukraine war began in February 2022.<\/p>\n

He also accused India of “now cozying up to both Russia and China.”<\/p>\n

“India’s oil lobby is funding Putin’s war machine, that has to stop,” he added.<\/p>\n

According to analysts, Indian refiners are likely to continue buying Russian crude as long as it remains economically viable. They added that late-August talks between the US and India, if they go ahead, could prove decisive for market sentiment.<\/p>\n

Investors are also watching the Federal Reserve’s annual Jackson Hole Economic Policy Symposium, set for Aug. 21-23, where Chair Jerome Powell’s remarks will be parsed for clues on the path of rate cuts.<\/p>\n

For More News And Analysis About Mauritius<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. Oil prices slipped on Tuesday after comments by US President Donald Trump and Ukrainian President Volodymyr Zelenskyy fueled expectations that the war in Ukraine could move toward a resolution and sanctions on Russian crude could be eased. International benchmark Brent crude fell 0.77% to $65.63 a barrel at 10.10 a.m. local time […]<\/p>\n","protected":false},"author":84,"featured_media":58575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[2704,241,2764,2825],"class_list":["post-58576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-brent","tag-mauritius","tag-oil-prices","tag-wti"],"yoast_head":"\nOil Prices Dip as Trump Zelenskyy Signal Talks with Putin - Mauritius<\/title>\n<meta name=\"description\" content=\"Oil prices slipped on Tuesday after comments by US President Donald Trump and Ukrainian President Volodymyr Zelenskyy fu ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-dip-as-trump-zelenskyy-signal-talks-with-putin\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil Prices Dip as Trump Zelenskyy Signal Talks with Putin\" \/>\n<meta property=\"og:description\" content=\"Oil prices slipped on Tuesday after comments by US President Donald Trump and Ukrainian President Volodymyr Zelenskyy fu ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-dip-as-trump-zelenskyy-signal-talks-with-putin\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-19T18:19:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-19T18:49:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/08\/sm_1755613018.123461.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-dip-as-trump-zelenskyy-signal-talks-with-putin#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-dip-as-trump-zelenskyy-signal-talks-with-putin\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Oil Prices Dip as Trump Zelenskyy Signal Talks with Putin\",\"datePublished\":\"2025-08-19T18:19:15+00:00\",\"dateModified\":\"2025-08-19T18:49:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-dip-as-trump-zelenskyy-signal-talks-with-putin\"},\"wordCount\":444,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-dip-as-trump-zelenskyy-signal-talks-with-putin#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/08\/sm_1755613018.123461.jpg\",\"keywords\":[\"Brent\",\"Mauritius\",\"oil prices\",\"WTI\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-dip-as-trump-zelenskyy-signal-talks-with-putin#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-dip-as-trump-zelenskyy-signal-talks-with-putin\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-dip-as-trump-zelenskyy-signal-talks-with-putin\",\"name\":\"Oil Prices Dip as Trump Zelenskyy Signal Talks with Putin - 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