Russia/Ukraine

Russian invasion of Ukraine begins

Russian Invasion of Ukraine Begins | Ian Bremmer Reacts | GZERO Media

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Ukrainian President Volodymyr Zelenskiy listens to US President Donald Trump, after Trump said that Russian President Vladimir Putin expressed willingness to help Ukraine "succeed," during a press conference at the Mar-a-Lago club, in Palm Beach, Florida, USA, on December 28, 2025.
REUTERS/Jonathan Ernst
The Guinea-flagged oil tanker MT Bandra, which is under sanctions, is partially seen alongside another vessel at El Palito terminal, near Puerto Cabello, Venezuela, on December 29, 2025.
REUTERS/Juan Carlos Hernandez

There have been several geopolitical shocks this year, yet none have stopped oil prices from plunging, showing how oil markets have become more risk tolerant.