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Trump signals diplomatic push on Ukraine and Iran as diesel ban looms

US President Donald Trump is figuring out a solution to end the war between Russia and Ukraine, after meeting with Ukrainian President Volodymyr Zelenskyy. Furthermore, he added that Russian President Vladimir Putin is willing to meet to end the war.

Regarding the Middle East conflict, he said that officials met with an Iranian delegation for three hours in a very productive meeting.

Trump added that Russia's refining capacity took a serious hit, affecting both the Russians and diesel prices. The US President added that he is considering a ban on diesel exports, which the US Treasury Secretary confirmed, saying, “We are examining that.”

Key highlights:

Zelenskyy and I are figuring out a solution to end war

Inside Russia on refining capacity is a serious hit on the Russians and a serious hit on diesel prices

Trump on ban on diesel exports: I've called for that too

Bessent on ban on diesel exports: we are examining that

Putin is willing to meet to end war

Will talk about patriot missiles with Zelenskiy

US officials met with an Iranian delegation earlier for three hours

The Iran meeting was very productive; another is scheduled in the near future

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Canadian Dollar.

USDEURGBPJPYCADAUDNZDCHF
USD0.22%0.25%0.00%0.28%0.09%-0.15%-0.04%
EUR-0.22%0.03%-0.18%0.08%-0.12%-0.36%-0.24%
GBP-0.25%-0.03%-0.25%0.01%-0.17%-0.40%-0.28%
JPY0.00%0.18%0.25%0.29%0.10%-0.16%-0.01%
CAD-0.28%-0.08%-0.01%-0.29%-0.18%-0.43%-0.29%
AUD-0.09%0.12%0.17%-0.10%0.18%-0.25%-0.11%
NZD0.15%0.36%0.40%0.16%0.43%0.25%0.14%
CHF0.04%0.24%0.28%0.00%0.29%0.11%-0.14%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

Author

Christian Borjon Valencia

Markets analyst, news editor, and trading instructor with over 14 years of experience across FX, commodities, US equity indices, and global macro markets.

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