After closing out its best month since 2023, Wall Street opened with losses on Monday as the Russia-Ukraine conflict escalated over the weekend, contributing to broader market anxiety and a jump in oil prices.

Russian and Ukrainian officials will meet in Istanbul to exchange their plans for how to end the three-year war, Europe’s largest conflict since World War

US stock markets opened slightly lower, relinquishing some gains from May's strong performance. The decline was influenced by a surge in crude oil prices, driven by both Ukrainian strikes within Russia and OPEC+'s output decision.

Asian shares sank on Monday and oil prices jumped as trade tensions and the Russian-Ukraine conflict ratcheted up geopolitical uncertainty. Hong Kong’s Hang Seng plunged more than 2% as Beijing and Washington traded harsh words over trade.

Global shares have fallen and oil prices jumped as trade tensions and the Russian-Ukraine conflict ratcheted up geopolitical uncertainty.

In a court submission on May 23, the US government said that the May 10 ‘ceasefire’ between India and Pakistan was possible ‘only after’ Trump offered ‘trading access’ to the two nuclear-armed neighbours.

With 41 military aircraft impacted, the Ukrainian drone attack was described by some commentators as Russia's "Pearl Harbor." The attack on Pearl Harbor in December 1941 was a surprise air raid by Japan on the U.S. during World War II. Kyiv's assault follows ground advances by Moscow troops in recent days in Ukraine's Sumy border region.

Rubio has noted that US President Donald Trump's call for continued direct dialogue between Russia and Ukraine to achieve a "lasting peace.