Oil prices slid about 2% to a one-week low on Thursday, after U.S. President Donald Trump softened threats toward Greenland and Iran, and on some positive movement that could lead to a solution to end Russia's war in Ukraine.

President Donald Trump’s quest to take over Greenland isn’t going away.

Greenland's strategic location makes it a focal point if there were to be a nuclear conflict involving Russia, China and the United States

President Donald Trump appeared to back off his maximalist demand at Davos that the U.S. take ownership of Greenland, moving instead toward a deal.

Negotiators have discussed proposals to check Russian and Chinese influence in the Arctic and transfer sovereignty over pockets of Greenlandic land to the United States, an idea opposed by Denmark.

Trump said "Iceland" when he appeared to mean "Greenland" four times in his speech. Leavitt later denied he mixed the names up.

A 1951 treaty between the U.S. and Denmark already covers much of what a potential agreement on the island would include.

The last Nazis on Greenland were captured in October 1944, when American soldiers raided a hidden German weather station on the island’s desolate west coast and took dozens of prisoners. Within a year, Germany would be defeated and World War II would be over.