U.S. President Donald Trump unexpectedly shortened his deadline for hitting Russia with the most severe sanctions on its oil exports to date. While the market has called the president’s bluff thus far,

U.S. President Donald Trump says he intends to shorten the 50-day deadline he gave Russian President Vladimir Putin to reach a deal that ends the three-year war in Ukraine.

President Trump said he had decided to shorten a 50-day deadline he had given Russia to end the conflict or face punishing new sanctions.