US President Donald Trump announced an immediate energy ceasefire on October 11, 2026, under which Russia and Ukraine would halt strikes on each other's energy infrastructure, following a deal easing restrictions on Russian diesel exports. Ukraine has largely observed the pause on refinery attacks while calling for verification mechanisms, but Russia has continued strikes on Ukrainian power facilities, prompting Kyiv to accuse Moscow of violations. The Kremlin has rejected proposals for a temporary 60-day ceasefire to enable Ukrainian elections, stating it seeks only a comprehensive long-term peace settlement rather than pauses in fighting. Ongoing Russian drone and missile campaigns, combined with stalled broader negotiations, shape trader assessments of near-term ceasefire prospects.