A fiery Oval Office meeting sent shock waves through allies, while U.S. officials gave conflicting signals about whether an agreement to end the Russia-Ukraine war could be salvaged.

Claims of a peace deal between Ukraine and Russia actually repeat key parts of a proposed U.S.-Ukraine agreement for sharing revenue from Ukraine's natural assets, including minerals. This agreement is not a peace deal but would bring Americans to Ukraine and give the U.S. a vested interest in peace in the country.

Despite talk of allowing U.S. companies access to its resources, Russian oil will remain an unattractive investment given the political risk.