Trump gives Putin 8 days to agree to his ceasefire, tradewar/tariff brinkmanship. Trump's corporatism laced peacemaker deal for Ukraine with mostly a pro Russian narrative, maybe coming undone, as Putin appears to want all of Ukraine, not just captured territory. The oil price is heading towards its war/geopolitical premium above $70.

 

President Trump, renown for his on again, off again tariff threats, extending deadlines and/or cutting the tariff % amount for imports/exports, in what appears to be an ad hoc trade war of mostly threats.  But, Trump's election promise to end the Ukraine/Russian war in 48 hours has yet to materialize, mostly aimed at his Right Wing libertarian camp (fans of Putin), that Ukraine could be forced into a corner to negotiate with Russia, ceding territory and allowing Russia to have Crimea, and Trump would then help build Ukraine, and set up corporatism arrangements i.e., rare earth mining, but no NATO pact.  Putin, obviously has not agreed to Trump's plan of an immediate ceasefire which is more pro Russia than not, instead would take all of Ukraine in his war of attrition.  And he (Putin) has the firepower, men and resources to do that, Ukraine doesn't.  

Trump has given Putin 8 days to agree to ceasefire, all he, Trump, will impose 100% tariffs on Russia's remaining trading partners.  Which is India and China. The question? Who will blink?

In the meantime, China's Purchasing Managers Index (PMI) has showed 2 months of contraction, pointing towards a Chinese recession which is probably already occurring, thus slowing oil demand.

The oil price is at a over a month and a half highs, at $69, pricing in both a nasty situation with Russia, if Putin stays on course on his war of attrition with Ukraine, and China slowing down, dramatically.

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All oil price and analysis on CHIASMUS:  chiasmusmagazine.blogspot.com/search/label/oil%20price