US says wants Ukraine, Russia to end strikes on energy sites

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Financial Intelligence • Markets • World News • Independent Analysis
Published: 2026-09-23 • Permanent link

Fears of a prolonged conflict between Ukraine and Russia have dissipated, as US officials have issued a statement urging both parties to cease strikes on energy sites. The US wants to see an end to Russia's aggression in Ukraine, particularly when it comes to disrupting the country's energy infrastructure. This development has led to a surge in global energy markets, with crude oil prices rising by 2% in response to the news. The price of Brent crude oil now stands at $104.50 per barrel, while West Texas Intermediate (WTI) has climbed to $103.50 per barrel.

Easing tensions in the region has provided a much-needed boost to investors, who have been bracing themselves for a prolonged conflict that could disrupt global energy supplies. As a result, energy stocks have seen a significant increase in value, with companies such as ExxonMobil and Chevron rising by 5% and 4% respectively. This uptick in energy prices could also have a positive impact on the broader economy, as it could lead to increased economic growth and job creation.

Historically, conflicts in the region have had a significant impact on global energy markets. The 2014 annexation of Crimea by Russia led to a sharp increase in energy prices, while the ongoing conflict in Ukraine has seen prices remain volatile. However, some experts believe that the current situation is different, with the US and other Western countries imposing significant sanctions on Russia in response to its actions. This could lead to a more sustained period of economic sanctions, which could have a profound impact on Russia's economy.

The situation is set to remain volatile in the coming weeks, with Ukraine's President Volodymyr Zelenskyy due to address the UN General Assembly on Wednesday. The US has also announced that it will be providing additional support to Ukraine, including military aid and economic assistance. As the situation continues to unfold, investors will be watching closely for any developments that could impact energy prices and the broader economy.