Oil prices fell over 1% on Wednesday after a U.S. crude supply unexpectedly rose, but losses were limited after the U.S. Treasury Secretary said President Donald Trump could leverage sanctions at a meeting with Russian President Vladimir Putin.

Oil was little changed after slumping 5% last week as investors await details from US President Donald Trump’s meeting with Russian President Vladimir Putin to gauge the trajectory of supply additions to the global market.

BERLIN (AP) — Ukrainian President Volodymyr Zelenskyy says he told European leaders and Donald Trump on Wednesday that Russian President Vladimir Putin “is bluffing” ahead of the planned summit with the U.S. in Alaska.

Trump-Putin summit set for Alaska Friday as president seeks to determine if Ukraine ceasefire possible, marking Putin's first U.S. visit in decade.

Mohandas Pai, Neelkanth Mishra, Pankaj Saran and Rahul Roy-Chaudhuri decode the current spat and the changing landscape of foreign policy. One recommendation is to “keep the temperature down”.

President Donald Trump on Wednesday announced sweeping and substantial tariffs on India, one of America’s most important trading partners. In addition to a 25% tariff that is set to go into effect Thursday,

US President Donald Trump has said that its steep tariffs on India over its import of Russian oil have dealt a "big blow" to Moscow's economy, which he said was not performing well. "I think Russia has to get back into building their country.