Recent diplomatic momentum centers on US-mediated trilateral talks scheduled around November 10 in Abu Dhabi, following US envoy meetings with both leaders in October that produced statements of willingness from Moscow and Kyiv to resume negotiations. Preparatory technical discussions aim to address security frameworks, ceasefires on infrastructure or maritime issues, and potential formats for higher-level engagement, though Putin has reiterated preferences for direct talks in Moscow while Zelenskyy seeks neutral venues and insists territorial and guarantee questions require leader involvement. A possible Putin-Zelenskyy summit remains tied to progress in these talks or events such as the December G20, amid ongoing battlefield stalemate and differing positions on preconditions. Trader assessments reflect uncertainty over whether these steps will produce an in-person meeting by any near-term deadline.