Trump’s ‘energy ceasefire’ collides with real-world problems of dwindling fuel supplies

MarketWatch Monday 12 October 2026, 18:36 UTC By Isabel Wang 1 min read

Key Points

Oil markets were struggling on Monday to gauge how President Donald Trump’s new declaration of an “energy ceasefire” between Russia and Ukraine might help mitigate a deepening global oil crisis as the Middle East conflict drags on.

Trump (ORG) Donald Trump (PERSON) Russia (LOCATION) Ukraine (LOCATION) the Middle East (LOCATION)

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Trump’s ‘energy ceasefire’ collides with real-world problems of dwindling fuel supplies

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