On Thursday, a ceremony was held in Davos to sign the founding documents of a new international initiative by US President Donald Trump, which the American media has dubbed the Board of Peace (in a number of publications – “Council of Peace”). According to media reports, the documents were signed by representatives of Azerbaijan, Argentina, Armenia, Bulgaria, Hungary, Indonesia, Jordan, Kazakhstan, Qatar, Mongolia, the UAE, Pakistan, Paraguay, Saudi Arabia, Turkey, Uzbekistan, and Kosovo.
The ceremony was held publicly and was reported by American media outlets, which published footage and details of the signing of the charter. According to ABC News, the charter establishes an expanded mandate for the structure as an “international organization” that goes beyond a single regional dossier.
It should be noted that Kosovo is a partially recognized state: Serbia does not recognize Kosovo’s independence, declared in 2008, and continues to consider the region its territory (the Autonomous Province of Kosovo and Metohija).
Oil prices fell significantly on Thursday, with traders’ attention shifting back to supply and demand prospects after the hype around Greenland subsided.
Speaking at the World Economic Forum in Davos on Wednesday, US President Donald Trump said that the United States wants to immediately begin negotiations to purchase Greenland from Denmark and does not intend to use military force to seize the island.
Trump later wrote on Truth Social that he had abandoned plans to impose tariffs on a number of European countries in February because he had been able to agree with NATO Secretary General Mark Rutte on a basis for further negotiations on Greenland.
“We are now seeing a decline in the risk premium associated with events surrounding Greenland and the situation in Iran,” said Saxo Bank analyst Ole Hansen.
The price of March Brent futures on the London ICE Futures exchange at 13:15 GMT is $64.42 per barrel, which is $0.82 (1.26%) lower than at the close of previous trading.
WTI crude oil futures for March delivery on the New York Mercantile Exchange (NYMEX) rose in price by $0.76 (1.25%) to $59.86 per barrel.
On Thursday, the market’s attention is focused on the weekly report on energy reserves in the US, which will be released at 7:00 p.m.
Estimates from the American Petroleum Institute (API), published on Wednesday night, showed an increase in US oil reserves last week of 3.04 million barrels.
Traders also continue to monitor the situation in Kazakhstan, where oil production at the Tengiz and Royal fields was suspended this week due to problems with the power distribution systems.
US President Donald Trump, speaking at the World Economic Forum in Davos, reiterated his intention to seek control over Greenland and, commenting on the topic, said: “I’m just asking for a piece of ice.”
According to Reuters and AP, Trump claimed that the US would not use force to obtain the island, while insisting on the need for negotiations and calling Washington’s request a “small request” in the context of the US’s role in ensuring the security of its allies.
Greenland is an autonomous territory within the Kingdom of Denmark. Trump’s statements about a possible change in the island’s status previously provoked a sharp reaction in Europe, where the inadmissibility of a forceful scenario and the importance of respecting sovereignty were emphasized.
The island is interesting for its reserves and prospects for the extraction of critically important minerals, including rare earth elements, which are important for high-tech industries and energy transition.
Greenland is also associated with the planet’s largest reserves of fresh water in the form of ice – together with Antarctica, the ice sheets contain more than 99% of the Earth’s fresh ice.
Its key advantage is its geography: its location on Arctic and North Atlantic routes, including the GIUK (Greenland-Iceland-United Kingdom) area, which NATO considers a strategic maritime “corridor” between the Arctic and the Atlantic.
US President Donald Trump has announced the introduction of 10% tariffs against Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland from February 1, Clash Report reports.
“Starting February 1, 2026, all of the above countries (Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland) will be subject to a 10% tariff on all goods shipped to the United States of America. On June 1, 2026, the tariff will be increased to 25%,” he wrote on the social network Truth Social.
Trump noted that these countries are directly opposing US attempts to take over Greenland.
“These tariffs will be assessed and payable until an agreement is reached on the complete and absolute purchase of Greenland,” he added.
The Norwegian Nobel Institute has stated that the Nobel Peace Prize cannot be transferred, shared, or revoked after the winner has been announced, commenting on statements by Venezuelan opposition leader Maria Corina Machado about her willingness to “transfer” or “share” her award with US President Donald Trump.
The institute emphasized that “the decision to award the prize is final and remains in force forever,” and that the rules of the Nobel Foundation do not provide for a mechanism for transferring the award to another person.
The Serbian Economist reports that Prindon Sadrija, the husband of Kosovo President Vjosa Osmani, called on Trump’s son-in-law Jared Kushner to move the Trump Hotel project to Pristina, which his organization had previously rejected in Belgrade.
Sadrija wrote on social network X that the withdrawal from the Belgrade project confirms the thesis that “significant projects should unite, not divide,” and suggested “moving this idea to Pristina” with the transformation of the capital’s Grand Hotel into Trump Hotel.
The statement came amid reports that Affinity Global Development, linked to Kushner, has withdrawn from plans to build a hotel and residential complex on the site of the former General Staff building in downtown Belgrade, which was damaged during the 1999 NATO bombing and has been the subject of public controversy over memory preservation and cultural heritage status.
The company notified the decision to withdraw from the project after months of protests and amid a legal scandal surrounding the removal of the site’s protected status, for which the Serbian prosecutor’s office sought to prosecute a number of officials.
In Serbian statements, the losses are estimated at “at least 750 million euros” – a figure that Serbian President Aleksandar Vucic and representatives of the ruling party have voiced, linking the investor’s withdrawal to the pressure of protesters.
At the same time, earlier publications on the parameters of the project estimated the investment at about $500 million.
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