Trump Postpones Putin Summit; U.S. Sanctions Russian Oil

A planned Budapest summit between President Donald Trump and Russian President Vladimir Putin was abruptly postponed after U.S. officials concluded Moscow showed insufficient interest in a ceasefire; the White House said a meeting is "not completely off the table" but must produce tangible outcomes. The Kremlin has hardened demands — including restrictions on Ukraine’s NATO prospects, territorial concessions and limits on its armed forces — and has rejected proposals to freeze fighting on current front lines, prompting Kyiv and European leaders to accuse Russia of using diplomacy to delay and extract concessions. The U.S. announced new sanctions targeting major Russian oil firms, which analysts and Western officials say are damaging Russia’s war effort and should be maintained. NATO and European leaders publicly debated long‑range weapons for Ukraine, noting UK and French deliveries of Storm Shadow/Scalp, Kyiv’s push for Tomahawks or German Taurus equivalents, and that the U.S. decision on Tomahawk missiles remains under review. Hungary’s Prime Minister Viktor Orbán said summit planning continues but dates are uncertain as parallel U.S. diplomacy proceeds and prospects for a near‑term diplomatic resolution have diminished.