What Trump said

Trump told reporters he had spoken with Russia's leader and said, "He is wanting to make a deal." He added, "And If Zelenskyy is wanting to make a deal, that'd be very nice," naming Ukrainian President Volodymyr Zelenskyy. He also said a three-way meeting with the Russian and Ukrainian leaders "could happen."

How he framed the moment

Trump argued the two sides are "tired of fighting" in a war now in its fifth year, and said progress is being held back by "two people that hate each other." His public remarks were the first U.S. confirmation that the Tuesday call took place, after the Kremlin had already disclosed it. Moscow said the discussion lasted roughly an hour, called it "constructive and quite candid," and said both leaders would remain in contact.

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Why this matters for your portfolio

Any indication of progress toward negotiations aimed at ending the war in Ukraine can shift expectations around energy, commodities, and European risk sentiment. This call followed a weekend push by U.S. envoys to revive negotiations, and both sides agreeing to stay in touch hints at more headlines to come. If you're tracking the ripple effects on prices that touch your daily life, watch for updates on whether a trilateral summit "could happen" and whether the tone stays as the Kremlin put it: "constructive and quite candid."

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