Oil prices fell more than 1% on Monday after U.S. President Trump called on OPEC to reduce prices following the announcement of wide-ranging measures to boost U.S. oil and gas output in his first week in office.

Shoigu, who leads the Kremlin's security council, told Tass, "Amid increased conflict behavior and intensified geopolitical rivalry, global risks of a military confrontation between large players, including nuclear powers, are heightening," specifically identifying Western countries as major players.

Any conversation between the two would mark the first time a sitting U.S. president and Putin have spoken since the war in Ukraine began, although former President Joe Biden held phone calls with Putin multiple times in the leadup to Moscow's invasion to urge Putin against it.

President Donald Trump has taken a harder line with Russian President Vladimir Putin than many in Ukraine expected, pressuring him to reach a deal with Ukraine to end the war.

Russia is waiting for signals from Washington to commence highly anticipated peace negotiations to end the war with Ukraine.

Russia's leader Vladimir Putin on Friday said he was "ready to work together" with U.S. President Donald Trump on Ukraine. Read more here.

Russian President Vladimir Putin said he is "ready for negotiations" with U.S. President Donald Trump about how to end the war in Ukraine.

The Kremlin said Friday that President Vladimir Putin was ready to talk to US counterpart Donald Trump but was waiting for "signals" from Washington.

Trump said he planned to ask the oil cartel to lower prices, which he said would lead to a swift end to Russia's war in Ukraine.

Oil prices fell more than 1% on Monday after U.S. President Trump called on OPEC to reduce prices following the announcement of

President Donald Trump called on the Organization of the Petroleum Exporting Countries to lower oil prices during the World Economic Forum on Thursday, saying it would immediately end the war in Ukraine.