President Trump said the U.S. will refill the Strategic Petroleum Reserve using Venezuelan oil. The reserve is near a 44-year low at about 290 million barrels as a new Venezuela deal seeks to lift crude supply.
The CAC 40 index rallied on Tuesday amid rising global risk appetite. Less-feared market disruption from new U.S. sanctions on Iran also supported sentiment.
A Las Vegas businessman was convicted in connection with a $24 million cryptocurrency Ponzi scheme marketed as an AI supercomputer investment. The case highlights fraud risks in crypto and AI-related offerings.
Oil prices fell 3% to a 12-day low as investors largely dismissed the latest U.S.-Iran developments. Iran said it has a two-year plan to cope with Washington's economic pressure.
Madison Air Solutions agreed to sell 90.11 million Class A shares at $24.97 per share in a private placement. The offering is expected to raise about $2.25 billion to fund the ebm-papst acquisition.