US President Donald Trump has confirmed talks to end the war in Ukraine will start immediately, although the US is indicating it won't regain all its territory.

A prisoner exchange is also likely.

Trump has also spoken with Russia's Vladimir Putin, calling the phone call 'lengthy and productive'.

UK correspondent Enda Brady suspects Donald Trump is looking to win a Nobel Peace Prize - and this is what's driving this latest scheme.

LISTEN ABOVE

• US stocks mostly lower on ‘chunky’ inflation
• Trump calls Putin, agrees to visit Russia and to start talks to end Ukraine war
• Trump urges immediate ceasefire in Ukraine amid aid reduction talk
• Zelenskyy demands Nato guarantees and weapons before talks with Russia