Investors may soon find out just how willing President Donald Trump is to punish Russia in the face of a potential jump in oil prices, as a Friday deadline set by the White House for a cease-fire with Ukraine looms over the market.

Reporters on Thursday asked President Trump about the looming deadline he put on Russian President Vladimir Putin to end the war in Ukraine.

Putin, Trump to meet in coming days, Moscow says as US sanctions deadline draws near * Trump reportedly tells European allies, Zelensky that Putin open to land-swap talks * Ukrainian drones strike Russian oil refinery in Krasnodar Krai,