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25 Mar 2025

White House: US and Russia agree to ban strikes against energy facilities of Russia and Ukraine

In a statement released on Tuesday, the White House noted that the US and Russia agreed to measures for implementing the agreement to ban strikes against energy facilities of Russia and Ukraine, per Reuters.

Key takeaways

"US and Russia agreed to ensure safe navigation in the Black Sea."

"US and Russia will continue working toward achieving a durable and lasting peace."

"US will continue facilitating negotiations between both sides."

"US will help restore Russia's access to the world market for agricultural and fertilizer exports."

"US and Ukraine agreed to US-committed help to achieve the exchange of prisoners of war."

"US and Ukraine agreed to US-committed return of forcibly transferred Ukrainian children."

"US and Ukraine agreed to develop measures for implementing the agreement to ban strikes against energy facilities of Russia and Ukraine."

"US and Ukraine will continue working toward achieving a durable and lasting peace."

Market reaction

The market mood remains relatively upbeat following this development. At the time of press, the S&P 500 Index was up 0.3% on the day.

 

Mar 25, 2025

IEA: Energy demand rise at an above-average rate in 2024, but oil falls back – Commerzbank

In its Global Energy Review published yesterday, the IEA identified trends for 2024 that are likely to continue this year, Commerzbank's commodity analyst Barbara Lambrecht reports.
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Mar 25, 2025

GBP/USD climbs as tariff relief boosts market mood, all eyes on UK CPI

The Pound Sterling advances against the US Dollar on Tuesday due to an upbeat market mood, as traders are relieved of US reciprocal tariffs, which are expected to be targeted on some of the US trading partners.
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