That included a Monday joint statement from Republican Sen. Lindsey Graham and Democratic Sen. Richard Blumenthal calling Trump’s threat of ramped-up economic penalties if Russia doesn’t cut a peace deal in next 50 days “a real executive hammer to drive the parties to the negotiating table.”

Oil prices dropped by less than 1% on Tuesday after U.S. President Donald Trump's 50-day deadline for Russia to end the war in Ukraine and avoid sanctions eased concerns about any immediate supply disruption.