Refinitiv, citing a US senior official, said President Trump plans to meet Ukrainian President Zelenskiy on July 8 at the NATO summit in Turkey to discuss ending the war and is likely to call Russian President Putin after the meeting; the official said Trump is eager to press for a quick resolution. Russian presidential aide Ushakov said earlier that Putin told Trump Russia is prepared to pursue a diplomatic settlement based on a Russian proposal, and that the two discussed the resolution proces

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Under a new US-EU trade agreement the EU has pledged to buy $750bn of US energy products over the next three years, with LNG to account for the bulk. Higher Asian gas prices have drawn US exporters eastward, and European purchases of US LNG fell in June to a two-year low. EU gas storage sits near a 15-year low for the season after last winter’s drawdown, Middle East tensions and supply disruptions, leaving winter supply pressure elevated. A 2027 ban on Russian LNG imports would, by some estimates, leave the US supplying as much as 80% of EU LNG imports. At the same time EU restrictions on North Sea and Arctic oil and gas development limit domestic production upside. Measures meant to reduce reliance on Russian energy could therefore increase Europe’s dependence on US supplies.