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Trump will meet with Putin in Alaska — here’s what we know
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A historic summit is set to be held between President Donald Trump and Russian President Vladimir Putin in Alaska on Friday.
Though specifics on the summit like the time and exact location remain unknown, all eyes will be on the talks as world leaders wait to see what, if anything, can be accomplished in Putin’s first trip to the U.S. in a decade.
Here’s what we know:

U.S. President Donald Trump meets with Russian President Vladimir Putin in Helsinki, Finland, July 16, 2018. (REUTERS/Kevin Lamarque)
VLADIMIR PUTIN TO RETURN TO US FOR THE FIRST TIME IN A DECADE
AGENDA
White House press secretary Karoline Leavitt confirmed on Tuesday that Trump will travel to Anchorage on Friday morning for what she described as a “listening exercise” with Putin.
Trump, who on Monday described the talks as a “feel-out meeting,” has made clear that his chief agenda item will be to determine whether a ceasefire in Ukraine is even possible.
When pressed by reporters this week as to what he specifically hopes to achieve from the in-person talks with Putin — particularly following seemingly positive calls that only resulted in a “frustrated” Trump and continued Russian bombardment in Ukraine — the president was light on specifics.
Though he told reporters that he thinks he will know whether a ceasefire deal with Putin is even possible within the first “two minutes.”
“I’m not going to make a deal. It’s not up to me to make a deal,” he said. “I think a deal should be made for both [Putin and Ukrainian President Volodymyr Zelenskyy].
“I’d like to see a ceasefire. I’d like to see the best deal that could be made for both parties. You know, it takes two to tango,” he added.
TRUMP GOES AFTER ZELENSKYY OVER ‘LAND SWAPPING’ DISPUTE, LAYS OUT ‘FEEL OUT MEETING’ WITH PUTIN

U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskyy meet during the NATO Heads of State and Government Summit in The Hague, Netherlands on June 25, 2025. (Getty Images)
EXPECTATIONS
Trump has raised geopolitical eyebrows over the last week when he suggested there would be a land “swap” that Russia and Ukraine would need to agree to.
While it remains unclear which borders he thinks will likely be moved around, particularly which Russian borders he foresees Putin handing over to Kyiv, Ukrainian President Volodymyr Zelenskyy and his allies in NATO have made clear any deal forged without Ukraine will not be acceptable.
Zelenskyy over the weekend reiterated that he cannot unilaterally agree to cede territory illegally occupied by Russia without a national referendum under Ukraine’s Constitution.
“Any decisions that are without Ukraine are at the same time decisions against peace,” he added. “They will not bring anything. These are dead decisions. They will never work.”
Following a meeting with top EU officials on Monday, chief diplomat for the EU Kaja Kallas told Fox News Digital, “Ukraine’s right to exist as a sovereign nation is under attack, as well as the security of our European continent.”
“As far as Russia has not agreed to full and unconditional ceasefire, we should not even discuss any concessions,” she said. “It has never worked in the past with Russia, and will not work with Putin today.
Trump, who is slated to hold talks with Ukraine and NATO allies on Wednesday, said he will first call Zelenskyy following his talks with Putin, followed by calls to European leaders.

French President Emmanuel Macron, European Commission President Ursula Von der Leyen, NATO Secretary General Mark Rutte, Japanese Prime Minister Shigeru Ishiba, German Chancellor Friedrich Merz, US Secretary of Treasury Scott Bessent, Canadian Prime Minister Mark Carney, Ukrainian President Volodymyr Zelenskyy, British Prime Minister Keir Starmer, and Italian Prime Minister Giorgia Meloni meet during the Group of Seven (G7) Summit at the Pomeroy Kananaskis Mountain Lodge in Kananaskis, Alberta, Canada on June 17, 2025. (LUDOVIC MARIN/AFP via Getty Images)
WHY ALASKA
Though geographically speaking, Anchorage is a near equal distance from Moscow and Washington, D.C., the president prompted surprise when he said Putin had agreed to meet him in Alaska rather than a third-party state, like Switzerland or Hungary, both of which were floated as potential meeting locations.
However, both locations held dubious optics, as Switzerland, a member of the International Criminal Court, could be obligated to act on the 2023 ICC arrest warrant issued against Putin, and Hungary, though frequently seen as sympathetic to Russia, is a NATO member state.
“They probably avoided Europe, because if they included Europe, then Europe would have demanded that they’re actually at the table,” Dan Hoffman, former CIA Moscow Station Chief, told Fox News Digital. “Probably your two choices were go to Russia — which Trump would never do — or invite him here.
“It also exposes the challenge that you can’t solve this without Ukraine and without Europe,” he added.
But Alaska also has a shared history with the U.S., which Washington purchased from Saint Petersburg — then the capital of Russia — in 1867.
Though this shared past was championed by some in Russia and the U.S., like the Kremlin’s special economic envoy Kirill Dmitriev, who called it the “perfect stage” for the Putin-Trump talks, others took to social media to suggest it showed the precarious nature of sovereign borders.

Anchorage, Alaska is set to receive both President Donald Trump and Russian President Vladimir Putin for a high-level bilateral meeting on Friday Aug. 15, 2025. (Zihao Chen via Getty Images)
ZELENSKYY TELLS PUTIN TO ‘BE BRAVE’ AND FINALLY AGREE TO TRILATERAL MEETING WITH TRUMP
ZELENSKYY’S ROLE
Zelenskyy does not appear to have been officially invited to the talks, which the White House on Tuesday confirmed are the result of a direct invitation from Putin.
“The president is agreeing to this meeting at the request of President Putin,” Leavitt said Tuesday. “And the goal of this meeting for the president is to walk away with a better understanding of how we can end this war.”
Zelenskyy is set to hold talks with the U.S. president ahead of the high-level bilateral meeting on Wednesday alongside other European leaders.
Zelenskyy has repeatedly said he is open to meeting with Putin directly to end the war, though Putin has thus far refused.

Poland’s Prime Minister Donald Tusk, Ukrainian President Volodymyr Zelensky, French President Emmanuel Macron, Britain’s Prime Minister Keir Starmer and Germany’s Chancellor Friedrich Merz, hold a telephone conversation with US President Trump on the sidelines of a meeting at the 6th European Political Community summit on May 16, 2025 at Skanderbeg Square in Tirana, Albania. (KuglerSteffen/Bundesregierung via Getty Images)
WHAT’S NEXT
Trump on Monday said his goal is that following his meeting with Putin, the Kremlin chief will sit down with Zelenskyy to begin hashing out terms for a ceasefire — whether or not it includes him in direct negotiations.
“Ultimately, I’m going to put the two of them in a room. I’ll be there, or I won’t be there,” Trump said Monday. “And I think it’ll get solved.”
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Zelenskyy on Tuesday said he also discussed the possibility of holding high-level talks organized by Turkey, which has hosted previous diplomatic negotiations that have failed to secure any lasting ceasefire agreements, but have released thousands of Ukrainian and Russian prisoners of war (POWs).
“We are ready for any format of meeting aimed at stopping the killings and ending the war,” Zelenksyy said. “President Erdoğan confirmed his country’s readiness to organize a summit of the leaders of Ukraine, the United States, Russia, and Türkiye.”
Experts have warned it is too soon to tell what could come out of the talks with Putin on Friday.
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Middle East heat may ripple across India’s energy supply chain, flags Goldman Sachs – The Times of India
As tensions continue to heat up in the Middle East, concerns are raising about disruptions to one of the world’s most critical energy shipping routes, the Strait of Hormuz. Any disruption could significantly affect major oil-importing countries such as India, as the narrow Strait of Hormuz is central to global energy trade. The strait sees almost 20 million barrels of oil passing through each day, or about a fifth of the world’s consumption, pass through the route. The waterway also carries roughly 19% of global liquefied natural gas (LNG) shipments, making it a crucial corridor for energy-importing economies.A recent report by Goldman Sachs has flagged early signs of stress in the region. The report warned that tanker traffic through the Strait of Hormuz has already begun showing signs of disruption, with shipping firms, oil producers and insurers adopting a cautious approach following reports of damaged vessels in nearby waters.According to the firm, financial markets have already begun factoring in the geopolitical risk. Oil prices currently carry an estimated risk premium of $18-per-barrel, reflecting the potential market impact if energy flows through the Strait of Hormuz were disrupted for about a month.

Even is the oil facilities are not directly damaged, a shutdown of the shipping route could expose a significant portion of global supply. The report estimates that in an event of full closure, about 16 million barrels per day of oil flows could be affected, despite the availability of some pipeline routes designed to bypass the strait.And the risks are not limited to crude oil shipments with almost 80 million tonnes of LNG exports annually, much of it from Qatar, moving through the passage. Any prolonged disruption could tighten gas supply globally and potentially drive European benchmark gas prices back to levels seen during the 2022 energy crisis.

Asian economies stand among the most exposed to such disruptions. Major importers such as China, India, Japan and South Korea depend heavily on oil and LNG shipments that transit through the strategic corridor.While global oil inventories and spare production capacity could help cushion short-term shocks, the report warned that sustained disruption to Gulf shipping routes could trigger sharp volatility in global energy markets and push prices higher across oil, gas and refined fuel products.Market participants and governments are closely watching tanker traffic in the Strait of Hormuz, along with diplomatic and military developments involving the United States, Iran and Gulf nations, to assess whether the current disruptions remain temporary or escalate into a broader energy supply shock.
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Saudi Oil Supply Assurance Lifts Pakistan Stock Market – SUCH TV
KARACHI: The Pakistan Stock Exchange rallied on Thursday after Saudi Arabia assured Pakistan of facilitating crude oil shipments through the Red Sea port of Yanbu Port, easing concerns over potential fuel supply disruptions.
The benchmark KSE-100 Index climbed sharply during the trading session, rising 4,439.93 points (2.85%) to reach an intraday high of 160,217.14 points.
Market Recovery
Analysts attributed the market rebound to renewed institutional buying and improving investor sentiment after Saudi assurances on oil supplies.
Market expert Ahsan Mehanti, CEO of Arif Habib Commodities, said easing fuel supply concerns played a key role in the recovery.
He added that rising global crude prices, expectations of a new International Monetary Fund loan tranche for Pakistan, and positive economic indicators also boosted investor confidence.
Alternative Oil Route
Pakistan sought an alternative supply route after Iran announced the closure of the Strait of Hormuz, a crucial global oil transit corridor.
Federal Petroleum Minister Ali Pervaiz Malik held talks with Nawaf bin Said Al-Malki, requesting Saudi support for uninterrupted energy supplies.
Saudi authorities reportedly assured Pakistan that oil shipments could be routed through Yanbu, and one crude vessel has already been prepared for dispatch.
Global Oil Market Impact
Oil prices continued to rise amid tensions in the Middle East conflict involving Iran, Israel and the United States.
Brent crude: up 3.26% to $83.99 per barrel
West Texas Intermediate (WTI): up 3.70% to $77.42 per barrel
Energy markets remain volatile as shipping disruptions threaten supply through the Strait of Hormuz, a route that handles nearly 20% of global oil trade.
Analysts say the Saudi assurance helped calm fears about Pakistan’s energy supply chain, contributing to the strong recovery at the PSX.
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