Donald Trump said he is cutting short the 50-day deadline he previously gave Vladimir Putin to reach a truce with Ukraine, expressing frustration with the Russian leader. He also threatened tough new sanctions. Oil reacted to his statement by rising nearly 2%.

Trump will cut 50-day deadline for Putin on ceasefire Oil prices soared by 2%

US President Donald Trump warned on July 14 that he would go for sanctions against Russia in 50 days if there is no progress in the Ukrainian settlement. In this case, secondary duties of 100 percent will be imposed, he said during a meeting with NATO Secretary General Mark Rutte.&nbsp;

Russian-Ukrainian War