A US accord on critical minerals to broker an end to the Ukraine war could blunt Chinese export controls, analysts said, but not counteract them.

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China's President Xi Jinping had a call with Russia's President Vladimir Putin on Monday and said he was pleased with Moscow's efforts to hold a summit with the U.S. toward ending the war in Ukraine,

Oil prices fell to multi-month lows on Tuesday after reports of OPEC+ plans to proceed with output increases in April while further price pressure was applied by U.S. tariffs on Canada, Mexico and China as well as Beijing's retaliatory tariffs.

Taiwan is learning from companies in Ukraine which continue to operate during the country's fight against Russia, a senior Taiwan official told Reuters on Wednesday, as the island speeds up contingency planning amid heightened Chinese threats.

The naval drills, which include "striking maritime targets," will "strengthen military mutual trust" between Beijing, Moscow and Tehran, China said.

Two top Trump admin. officials declined to say that Russia started the war in Ukraine. Igor Novikov, a former advisor to Ukraine President Zelenskyy, joins José Díaz-Balart to share his perspective as the war in Ukraine enters its fourth year.

The US president wants critical minerals in Greenland and Ukraine. Now Moscow has offered access to the key metals.

China pushed back against recent remarks by U.S. Secretary of State Marco Rubio, declaring that Washington could never "sow discord" in its ties with Moscow. Newsweek reached out to the White House and the Russian Foreign Ministry via email for comment.

Fast-moving developments on Ukraine and Europe will no doubt continue to dominate financial markets in the coming week, while U.S. data includes key inflation numbers and China looks determined to hold its ground as trade tensions ratchet up.