Trump Blames Ukraine for Oil Price Spike

Trump claims Ukraine's strikes on Russian oil refineries spiked global oil prices, urging a new Ukrainian leader to negotiate peace.

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Oct 11, 2026

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Trump Blames Ukraine for Oil Price Spike

Trump claims Ukraine's strikes on Russian oil refineries spiked global oil prices, urging a new Ukrainian leader to negotiate peace.

In brief

Trump claims Ukraine's strikes on Russian oil refineries spiked global oil prices, urging a new Ukrainian leader to negotiate peace. Trump blames Ukraine's retaliatory strikes against Russian oil infrastructure for surging global oil prices, urging Zelenskyy to make peace deals with Russia. Originally reported by…

Trump Blames Ukraine

US President Donald Trump and Ukraine President Volodymyr Zelensky are both sitting in black chairs. They are both looking to slightly to their left sides towar

Trump claims Ukraine's retaliatory airstrikes on Russian oil refineries caused global oil prices to spike.

Zelenskyy's Response

Zelenskyy states prices rose due to Middle East war and Strait of Hormuz blockades, not Ukraine's strikes on Russia.

“Prices are rising because of the war in the Middle East, the blocking of Hormuz. Everyone understands it.”

Trump's Energy Ceasefire Claim

Trump announced an 'energy ceasefire' between Russia and Ukraine but provided little detail on its terms.

Congress Opposition

Congress Opposition

GOP lawmakers oppose Trump's deal allowing Russian oil exports, warning it funds Russia's war machine and worsens Ukraine conflict.

In short

Trump blames Ukraine's retaliatory strikes against Russian oil infrastructure for surging global oil prices, urging Zelenskyy to make peace deals with Russia.

Read the original on Mother Jones

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