Markets

US stock futures fall as AI safety concerns weigh on technology shares while oil surges above $108, raising inflation and Fed rate worries.

Alejandro Betancourt has emerged as a central figure in the US-Venezuela oil agreement, putting his company at the heart of a deal covering 17 oilfields and about 65 billion barrels of reserves.

Oil and gas prices are surging as the Iran war disrupts shipping through the Strait of Hormuz, threatens supply and raises global inflation risks.

The US dollar holds near a one-week high as surging oil prices fuel inflation fears, lift Treasury yields and increase Fed rate hike expectations.

Google will invest at least €13 billion in Finnish AI infrastructure while securing nuclear and renewable power as data-centre energy demand surges.

South Korea’s KOSPI recorded a historic rebound as Samsung Electronics and SK Hynix shares surged, driven by renewed confidence in AI demand and semiconductor growth.

The United States and Japan have taken the rare step of coordinating action to support the Japanese yen, highlighting growing concerns over currency volatility and its impact on global financial markets.

Global markets declined as investors reacted to new Trump tariffs, rising oil prices, AI stock volatility and growing concerns over inflation and interest rates. Asian exporters including Japan and South Korea faced heavy losses.