President Donald Trump said progress had been made in Friday's Alaska summit with the Russian leader, but no deal on peace in Ukraine has been reached.

Steve Witkoff says Vladimir Putin agreed at his summit with Donald Trump to allow the U.S. and European allies to offer Ukraine a security guarantee resembling NATO’s collective defense mandate.

For Russia, the results of the Alaska summit between President Donald Trump and Russian President Vladimir Putin marked a turning point in relations with the United States, underlined by Trump subsequently abandoning demands for a halt in fighting in Ukraine.

The president of Ukraine and his European allies are to visit the White House on Monday, after President Trump backed Russia’s plan to end the war.

Secretary of State Marco Rubio admitted there would likely need to be some mutual concession of land from Ukraine to Russia in order for a peace agreement to be reached, however Ukrainians find it hard to support such a notion.

Oil prices slipped on Monday as the U.S. did not exert more pressure on Russia to end the Ukraine war by implementing further measures to disrupt Russian oil exports after the presidents from both countries met on Friday.

Special U.S. envoy Steve Witkoff says Russian leader Vladimir Putin agreed to allow the U.S. and Europe to offer Ukraine a security guarantee resembling NATO's collective defense mandate.

Rubio laid responsibility on both Russia and Ukraine for refusing to make enough concessions for a ceasefire. “Both sides are going to have to give up something in order to get to the table, in order to make this happen. That’s — that’s just the way it is,” Rubio said.