During this week’s G7 summit in France, President Donald Trump pivoted from predicting a Ukrainian defeat to calling for a peace deal that respects Ukraine's borders.
French President Emmanuel Macron reportedly led a coordinated effort among allies to convince Trump that recent battlefield gains prove the war is winnable. The shift includes potential U.S. support for new sanctions on Russian oil and gas, a major reversal from previous signals that the war was not a U.S. priority. While European allies celebrated this newfound unity, some remain skeptical of how long Trump’s commitment will last given his focus on domestic issues.
Global markets are now bracing for the impact of tighter energy sanctions as G7 members begin drafting specific enforcement measures.
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