Oil prices and energy stocks fall sharply on Trump's new Ukraine peace plan

Core Viewpoint - The investigation into the oil tanker Boracay, suspected of being part of Russia's "shadow fleet," coincides with a decline in oil prices and energy stocks as the U.S. administration pushes for a peace deal in the Russia-Ukraine conflict [1][3]. Oil Prices and Market Reaction - International benchmark Brent crude futures fell 2% to $62.09 per barrel, marking a decline of over 16% year-to-date [2]. - U.S. West Texas Intermediate futures dropped 2.4% to $57.61, following a previous session close down by 0.5% [2]. - Europe's Stoxx Oil and Gas index led losses, down more than 2.7%, with major companies like Shell and BP trading around 1.6% lower, and Siemens Energy falling over 8% [3]. Peace Deal Proposal - The U.S. has proposed a peace plan that includes Ukraine ceding territories such as Crimea, Luhansk, and Donetsk, and committing to not join NATO, while receiving "reliable" security guarantees [4]. - The proposal suggests limiting the size of the Ukrainian Armed Forces to 600,000 personnel [4]. - Analysts express skepticism regarding Ukraine's acceptance of a plan perceived as favorable to Russia [5].