US-Russia tensions flare again as Trump slaps sanctions on Moscow’s oil giants and Putin responds with nuclear drills. With their summit scrapped, is the world bracing for a new Cold War-style standoff?

Russian Foreign Minister Sergei Lavrov’s lie: “A ceasefire now would mean only one thing: A large part of Ukraine would remain under Nazi rule,” Lavrov said after a preliminary phone call with Secretary of State Marco Rubio, repeating Russia’s false assertion that they invaded Ukraine to free it from fascism.

Foreign Minister Peter Szijjarto says preparations are ongoing, with only timing yet to be decided - Anadolu Ajansı

India is trying to find a way to maintain ties with both the US and Russia as it seeks to clinch a trade deal with President Donald Trump and bring down tariff rates of 50%.

Oil prices surged 5% on Thursday after the United States imposed new sanctions on Russia’s major oil suppliers, Rosneft and Lukoil. The move, aimed at pressuring Moscow over the Ukraine war, pushed Brent crude to $65.

A senior White House official stated there are no immediate plans for a summit between President Trump and President Putin. Similarly, U.S. Secretary of State Marco Rubio and Russian Foreign Minister Sergei Lavrov have no set plans for in-person discussions,

Planned Trump–Putin Budapest summit in doubt as US-Russia prep talks collapse amid sharp rifts over ending the Ukraine war.

Hungarian Prime Minister Viktor Orbán said on Friday that preparations are underway for a U.S.-Russia peace summit, following a phone call with President Donald Trump.

Hungarian Prime Minister Viktor Orbán said preparations are under way for a planned "peace summit" between US President Donald Trump and his Russian counterpart Vladimir Putin in Budapest. He spoke about this with Trump by telephone on Thursday evening and immediately initiated preparations,

The Ministry of Foreign Affairs of the Russian Federation said the United States is escalating covert operations in Latin America, adding that the U.S. Navy destroyed six alleged drug-running vessels in the Caribbean and the CIA was authorized for secret missions in Venezuela.