As the world watches, oil prices are poised for a weekly decline, with the looming Trump-Putin summit casting a shadow over global energy markets. This development comes amidst a backdrop of uncertainty, as the two world leaders prepare to meet in Hungary to discuss the ongoing war in Ukraine. But here's where it gets controversial... While some see this as a potential step towards peace, others fear it could lead to further escalation. The International Energy Agency's outlook for a growing supply glut in 2026 has also contributed to the downward pressure on oil prices. And this is the part most people miss... The meeting between Trump and Putin comes at a time when the US is pushing for more military support for Ukraine, including advanced US-made long-range Tomahawk missiles. Meanwhile, Washington is also pressuring India and China to stop buying Russian oil, adding another layer of complexity to the situation. So, what does this mean for the future of global energy markets? Will the summit lead to a resolution or further turmoil? And how will these events impact the lives of everyday people around the world? The answers lie in the hands of these world leaders, and the world watches with bated breath.
