Breaking: President Donald J. Trump's Call with President Vladimir Putin Ends

Ceasefire nears

Note: On the news, Gold holds gains, The USD stays soft, Stocks stay weak. oil spikes and resumes selloff.

Readout of President Donald J. Trump's Call with President Vladimir Putin:

Today, President Trump and President Putin spoke about the need for peace and a ceasefire in the Ukraine war. Both leaders agreed this conflict needs to end with a lasting peace. They also stressed the need for improved bilateral relations between the United States and Russia.

The blood and treasure that both Ukraine and Russia have been spending in this war would be better spent on the needs of their people. This conflict should never have started and should have been ended long ago with sincere and good faith peace efforts.

The leaders agreed that the movement to peace will begin with an energy and infrastructure ceasefire, as well as technical negotiations on implementation of a maritime ceasefire in the Black Sea, full ceasefire and permanent peace. These negotiations will begin immediately in the Middle East.

The leaders spoke broadly about the Middle East as a region of potential cooperation to prevent future conflicts. They further discussed the need to stop proliferation of strategic weapons and will engage with others to ensure the broadest possible application.

The two leaders shared the view that Iran should never be in a position to destroy Israel. The two leaders agreed that a future with an improved bilateral relationship between the United States and Russia has huge upside. This includes enormous economic deals and geopolitical stability when peace has been achieved.

Zerohedge live updates at: White House Says 'Peace To Begin'…

Newswire Headlines:

WHITE HOUSE: THE LEADERS AGREED THAT THE MOVEMENT TO PEACE WILL BEGIN WITH AN ENERGY AND INFRASTRUCTURE CEASEFIRE

KREMLIN: PUTIN SUPPORTS IDEA NOT TO HIT ENERGY FACILITIES
PUTIN BACKS IDEA NOT TO HIT ENERGY FACILITIES FOR 30 DAYS

PUTIN SAYS READY TO CONTINUE SEARCHING FOR WAYS TO PEACE: IFX

KREMLIN: PUTIN, TRUMP AGREED TO STAY IN CONTACT - TASS

KREMLIN: PUTIN AND TRUMP DISCUSSED UKRAINE, ECONOMIC TIES

WHITE HOUSE: THE LEADERS AGREED THAT THE MOVEMENT TO PEACE WILL BEGIN WITH AN ENERGY AND INFRASTRUCTURE CEASEFIRE

KREMLIN: PUTIN ORDERS TO PAUSE STRIKES ON ENERGY FACILITIES

WHITE HOUSE: PEACE TO BEGIN W/ ENERGY, INFRASTRUCTURE CEASEFIRE

WHITE HOUSE: WILL NEGOTIATE FULL CEASEFIRE AND PERMANENT PEACE