Live: Oil prices fall after Trump unilaterally announces Russia-Ukraine 'energy ceasefire'

Oil prices fell by more than one percent on Monday following an announcement by U.S. President Donald Trump regarding an alleged energy ceasefire between Russia and Ukraine. The declaration, which triggered a rise in most global stock markets, occurred despite a recent wave of Houthi attacks on Saudi Arabia that would typically influence energy prices.

The announcement has been met with varying international reactions, including astonishment from Kyiv and silence from Moscow. Ukrainian President Volodymyr Zelensky has indicated he is currently seeking further clarification regarding the unilateral proposal.