Monday, June 2, 2025

U.S. and Ukraine Agree to 30-Day Ceasefire Plan in Jeddah Talks

U.S. Secretary of State Marco Rubio (second from left) and the U.S.-Ukrainian negotiation teams engage in peace talks for the Ukraine conflict on March 11 in Jeddah, Saudi Arabia. / Xinhua News Agency

On Tuesday, U.S. Secretary of State Marco Rubio met with Ukrainian negotiation teams in Jeddah, Saudi Arabia, to discuss potential resolutions to Ukraine’s ongoing conflict. During the talks, Ukraine signaled its willingness to accept the U.S.’s 30-day ceasefire proposal, contingent on Russia’s agreement.

The ceasefire plan calls for an immediate halt to hostilities. The Ukrainian delegation stated they would implement the ceasefire as soon as Russia accepted the terms. This breakthrough emerged from intense negotiations between U.S. and Ukrainian officials in Saudi Arabia.

Following the talks in Jeddah, Rubio announced that Ukraine has expressed readiness to engage in dialogue and halt military operations.

The ceasefire agreement includes provisions for the U.S. to promptly resume intelligence sharing and security assistance to Ukraine. Additionally, both governments revealed plans to accelerate a mineral resources agreement with Ukraine. A joint statement highlighted that President Donald Trump and Ukrainian President Volodymyr Zelenskyy have committed to finalizing a comprehensive agreement on developing Ukraine’s critical mineral resources as soon as possible.

This agreement was reached after more than seven hours of high-level discussions between U.S. and Ukrainian officials. Rubio elaborated, “Today we made an offer that the Ukrainians have accepted, which is to enter into a ceasefire and into immediate negotiations. We’ll take this offer now to the Russians and we hope they’ll say yes to peace. The ball is now in their court.”

In their joint statement, both nations agreed to implement a one-month ceasefire, which could be extended by mutual consent. The statement reaffirmed the U.S.’s commitment to maintaining open lines of communication with Russia, asserting that ” Russian reciprocity is the key to achieving peace.”

Hot this week

Trump’s Bold Move: Retirement Funds Can Now Flow into Bitcoin Investments

The Trump administration allows Bitcoin investments in pension accounts, reversing Biden-era restrictions, potentially benefiting the Trump family.

WTI and Brent Crude Climb on Renewed Supply Fears

Oil prices surged due to supply concerns and geopolitical tensions, despite OPEC+ plans to maintain production levels.

Nvidia Beats Expectations with AI-Driven Growth, Stock Rallies Post-Close

The New York stock market fell ahead of Nvidia's earnings, which later exceeded expectations, boosting investor confidence and tech stocks.

First Sale Rule Gains Renewed Traction Amid New U.S. Tariffs

As tariffs rise, companies are revisiting the First Sale Rule to lower import duties, despite its strict requirements and paperwork.

OPEC+ Meeting Spurs Market Caution, Drives Oil Prices Lower

Oil prices fell as OPEC+ plans to boost output, with Brent crude at $64.09 and WTI at $60.89 per barrel amid rising supply expectations.

Topics

Trump’s Bold Move: Retirement Funds Can Now Flow into Bitcoin Investments

The Trump administration allows Bitcoin investments in pension accounts, reversing Biden-era restrictions, potentially benefiting the Trump family.

WTI and Brent Crude Climb on Renewed Supply Fears

Oil prices surged due to supply concerns and geopolitical tensions, despite OPEC+ plans to maintain production levels.

Nvidia Beats Expectations with AI-Driven Growth, Stock Rallies Post-Close

The New York stock market fell ahead of Nvidia's earnings, which later exceeded expectations, boosting investor confidence and tech stocks.

First Sale Rule Gains Renewed Traction Amid New U.S. Tariffs

As tariffs rise, companies are revisiting the First Sale Rule to lower import duties, despite its strict requirements and paperwork.

OPEC+ Meeting Spurs Market Caution, Drives Oil Prices Lower

Oil prices fell as OPEC+ plans to boost output, with Brent crude at $64.09 and WTI at $60.89 per barrel amid rising supply expectations.

U.S. Markets Rebound Post-Holiday on Optimism Over U.S.–EU Trade

U.S. stock markets surged after tariff negotiations, with M7 tech companies leading gains, notably Tesla and Nvidia.

North Korea’s Mount Kumgang Poised for UNESCO World Heritage Status

North Korea's Mount Kumgang is recommended for UNESCO World Heritage listing, potentially becoming its third site by July.

Qualcomm Unveils Next-Gen DragonWing Tools for Embedded and Industrial IoT

Qualcomm hosted the IoT Partner & Tech Day, showcasing innovations in IoT, AI, and new products to strengthen partnerships in various sectors.

Related Articles