US Secretary of State Antony Blinken is out with the statement on Tuesday, as he offers a sovereign loan guarantee to Ukraine of up to USD1 billion.

No further details are provided on the same.

The Russia-Ukraine tensions are still keeping oil markets on edge, despite the stand-off and a potential de-escalation, with the Western world urging calming of the situation around the Ukrainian border.

Market reaction

The risk sentiment remains jittery, with the Asian stocks a mixed bag while the S&P 500 futures adding 0.22% on the day.