Oil prices climbed more than 1% on Wednesday after Russia said talks with U.S. officials in Moscow failed to reach a compromise on a potential Ukraine peace deal that could have eased sanctions on its oil sector.

Keir Starmer agonising over decision after last-minute search by Foreign Office to find a heavyweight diplomat

The Trump administration is engaged in high-stakes talks with Ukraine and Russia over ending the war between the two countries. Meanwhile, strikes continue in Ukraine, where many villages are now ghost towns.

President Trump's envoy Steve Witkoff will travel next week to Moscow as momentum builds for a peace deal to end the war in Ukraine.

The European Union wants to tap €200 billion ($354 billion) of frozen Russian assets to help Ukraine. The unprecedented plan is causing controversy.

An overnight drone strike triggered a fire at the Shatura power plant supplying Moscow, as Russia and Ukraine step up attacks on energy infrastructure amid a peace plan pushed by the Trump administration.

Five hours of talks in Moscow between the U.S. delegation and Russian President Vladimir Putin over a U.S. plan to resolve the war in Ukraine ended without a “compromise option,” the Kremlin said Wednesday,

We’re still waiting to hear the outcome of the talks, but special envoy Steve Witkoff’s sixth Moscow visit is likely not the end of the diplomatic back-and-forth.