Putin meets Trump envoys for over 3 hours in Kremlin

The extended, closed-door nature of this meeting signals a serious attempt to advance dialogue, but the lack of concrete outcomes leaves the geopolitical risk premium intact. For markets tracking commodities and safe havens, the key variable is whether these talks translate into tangible de-escalation steps, not just stated intentions. The envoys' trip to Kyiv will be a critical test of alignment between Washington and its allies, and whether any proposed framework gains traction. Until then, the situation remains fluid, with the potential for headline-driven volatility in assets sensitive to conflict developments.