Al Jazeera reports Trump sends envoys to Moscow and Kyiv to propose Ukraine war ceasefire

U.S. President Donald Trump is reportedly sending envoys Jared Kushner and Steve Witkoff to Moscow and Kyiv in an effort to propose a ceasefire to end the ongoing war in Ukraine. The diplomatic mission aims to establish security guarantees and halt hostilities in a conflict that has persisted since Russia’s full-scale invasion in February 2022. This high-level diplomatic engagement marks a significant attempt to break the deadlock in negotiations, as the war remains active with continued military strikes and no ceasefire currently in effect. The involvement of the U.S. at this stage reflects a renewed push for a diplomatic solution. Key Takeaways Market activity suggests that the dispatch of U.S. envoys to Russia and Ukraine is consistent with increased expectations for a ceasefire agreement by the end of 2026. Recent market moves indicate heightened interest in the possibility of a formal ceasefire, as evidenced by a rise in YES pricing for the December 31, 2026, market. The current geopolitical context, with ongoing Russian strikes, suggests that any diplomatic breakthrough could significantly impact market expectations. What to Watch Observers should monitor statements from key ...