How have US-Russia negotiation talks impacted European gas prices and what potential corporate shifts might follow?

European gas prices for March delivery fell by 10% following speculation around US-Russia talks, demonstrating immediate market sensitivity to potential diplomatic shifts. This price movement reflects broader economic implications of changing relations between these major powers. The situation presents significant challenges for EU unity if the US softens its stance on Russia. Major European corporations, including energy giants like BP and TotalEnergies, are positioning themselves for a possible return to Russian markets, especially if they perceive US competitors gaining an advantage. The coming months will be crucial in determining whether these negotiations lead to a strategic realignment in energy trade relationships.