The Trump administration has been secretly formulating a new plan to end the war in Ukraine in consultation with Russia, Axios reported Tuesday, citing U.S. and Russian officials.

A Russian national, now in Azerbaijan, is suspected of coordinating a 2024 parcel plot targeting air cargo planes in Europe.

Elsewhere, the president of Finland warned that a ceasefire in Ukraine is unlikely before the spring and urged European allies to keep up support.

An earlier proposed Trump-Putin summit in Hungary was scrapped when it became clear Russia would not agree to the U.S. president's demand for an immediate ceasefire in the Ukraine war.

Oil prices settled higher on Tuesday after a choppy session as traders weighed the impact of Western sanctions on Russian oil flows, as well as U.S. President Donald Trump saying his administration had started interviewing for the next Federal Reserve chair.

With Europe imposing sanctions on Moscow, there has been a growing network of vessels sailing without a valid flag from Russia through European waters.

A full-scale invasion of Poland, in the manner Russia invaded Ukraine, is rather not viable, given Russia's current military capacities, Poland's military build-up and the collective defense guarantees of NATO membership, Michnik said, "however, this reality must not diminish Poland’s ongoing preparation."

Oil prices were flat on Tuesday in a choppy session as traders weighed the impact of Western sanctions on Russian oil flows against an expected supply surplus next year. Brent crude was down 9 cents,