Oil prices dipped after Donald Trump announced that Venezuela would transfer millions of barrels of sanctioned oil to the United States, while global stock markets showed mixed reactions after a strong start to the year driven by AI investments.

• Trump stated that Venezuela's Interim Authorities would turn over between 30 and 50 MILLION Barrels of high-quality, sanctioned oil to the U.S., which he would control to benefit both nations.
• The announcement eased supply concerns, leading to expectations of lower oil prices despite Venezuela holding about one-fifth of the world's oil reserves.
• Equity markets experienced fluctuations; South Korea's Kospi index, Sydney, Singapore, Shanghai, Wellington, and Jakarta saw gains, while Hong Kong, Taipei, Manila, and Tokyo dipped, with Tokyo affected by China's tougher export controls.