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Global markets are reacting to the US
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capturing Venezuelan President Nicholas
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Madura and it has been a good day for
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British stocks. Defense and metal stocks
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led the surge driven by jitters from
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Trump's stance on Venezuela. Mining
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companies like Endeavor Mining and
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Fresnillo saw over 4% gains in early
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trading. That came after the price of
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gold jumped 2.2% reflecting its demand
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as a safe haven asset in volatile times.
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Defense stocks were also benefiting with
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Babcock reaching an all-time high. The
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geopolitical tension was heightened by
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Trump's comments on Colombia and
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Greenland, which suggested the military
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action could be on the horizon.
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Meanwhile, the oil story adds another
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layer to the situation. Trump's capture
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of Madura is partly fueled by
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Venezuela's vast oil reserves. Plans for
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the US to run Venezuela's oil industry
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could reshape global energy flows, and
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this could have major impacts for China,
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who is the biggest customer for
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Venezuelan oil. Brent crude prices saw a
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slight drop in early trading despite US
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plans to invest heavily in Venezuela's
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infrastructure. Is oil trade about to
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provide a new layer in the China and US
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tensions or could there be another twist
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in the geopolitical tensions? Let us
1:03
know in the comments.
