Zelenskyy warns Ukraine conflict may extend into winter amid energy threats

Ukrainian President Volodymyr Zelenskyy has indicated that the ongoing conflict with Russia may continue into the winter months, following discussions with US and European partners. Zelenskyy emphasized the need for continued international support, particularly to withstand Russia’s attacks on Ukraine’s energy infrastructure as the colder months approach. Despite recent diplomatic efforts, including US envoys shuttling between Moscow and Kyiv, no significant breakthroughs have been announced, and fighting persists in various regions. Current market dynamics suggest a decline in the probability of a ceasefire agreement between Russia and Ukraine by the end of 2026. The December 31, 2026, ceasefire market reflects a lowered 23.5% probability of a formal agreement, a decrease from 34% just 24 hours ago. The October 31, 2026, market saw a similar drop, with the likelihood now at 12.5%. These shifts appear consistent with the sentiment that the conflict may extend through the winter. The ongoing negotiations and Zelenskyy’s remarks underscore the volatility and uncertainty surrounding potential peace talks. As the situation develops, markets will closely monitor diplomatic interactions ...