Oil Drops Again as Washington and Kyiv Explore Peace Path ...Middle East

News of Zelenskyy considering the peace proposal comes on the same day that new U.S. sanctions on Rosneft and Lukoil officially take effect, targeting key subsidiaries in an effort to restrict Kremlin revenue from fossil-fuel sales. November 21st, 2025. Donald Trump’s 28-point peace proposal to end the Russia-Ukraine war has become the main talking point of oil markets this week, with potentially higher Russian supply capping ICE Brent futures below $63 per barrel. Refined products markets, in the meantime, are exploding as middle distillate…

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