Global stocks and oil prices declined Wednesday as President Trump's strategy to secure Venezuelan oil reserves and his comments on Greenland prompted a pause in the New Year rally. Brent crude futures fell, with reports indicating Venezuela would transfer up to 50 million barrels for sale. The MSCI world stock index also retreated from record highs. Investors are navigating geopolitical uncertainties, balancing them against an optimistic economic outlook, with potential for further market repricing if geopolitical risks escalate.