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The Independent UK
The Independent UK
National
Elaine Kurtenbach

Asian shares are mixed and oil prices jump as Trump orders a blockade of oil tankers to Venezuela

South Korea Financial Markets - (Copyright 2025 The Associated Press. All rights reserved.)

Asian shares were mixed on Wednesday with strong buying of technology shares helping lift some benchmarks, while oil prices surged more than 1% after President Donald Trump ordered a blockade of all “sanctioned oil tankers” into Venezuela.

Trump's move followed the seizure by U.S. forces last week of an oil tanker off Venezuela’s coast, an unusual move that followed a buildup of military forces in the region as his administration ramps up pressure on the country’s authoritarian leader Nicolás Maduro.

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