Asian shares are mixed and Brent crude at $104 a barrel after Trump says US will buy Russian diesel

BANGKOK (AP) — World shares were mostly higher and the price of Brent crude steadied above $104 a barrel Monday as U.S. President Donald Trump’s plan to purchase diesel from Russia drew criticism from some lawmakers.U.S. stock futures edged 0.2% higher after Wall Street finished its record-setting week with gains.

This week will bring updates on inflation and retail sales in the U.S. banks will report earnings from the most recent quarter.Germany's DAX added 0.5% to 25,213.52 and the CAC 40 in Paris rose 0.3% to 7,826.70. Britain's FTSE 100 picked up 0.5% to 10,602.21.In Asian trading, South Korea’s Kospi lost 3.7% to 6,384.24.

Markets in Tokyo were closed for a holiday.Hong Kong's Hang Seng gained 0.3% to 24,271.20 and the Shanghai Composite index slipped 0.4% to 3,797.24.In Australia, the S&P/ASX 200 surged 0.8% to 8,783,20.Taiwan's Taiex ended nearly unchanged and the Sensex in India dropped 0.8%.On Friday, the S&P 500 climbed 0.6% and the Dow Jones Industrial Average added 0.8%. The Nasdaq composite rose 0.6%.Oil prices have continued to yo-yo because of uncertainty about when the war with Iran will allow the global energy industry to return to normal.Trump announced on social media Friday that he struck a deal to buy Russian diesel with Russian President Vladimir Putin in a phone call, aiming to tamp down a spike in fuel prices ahead of the Nov. midterm elections.The president said Russia will immediately supply more than 300,000 tons of diesel to the American and global market, followed by an additional 500,000 tons in November and 1 million tons “immediately thereafter.” Russia will deliver an additional 3 million tons “within a short period of time” after that, he wrote.Trump said Sunday that Russia and Ukraine had agreed to an “energy ceasefire ” in the 4 1/2-year-old war.

He offered no details on it and Kyiv reported attacks by Moscow on energy sites after his statement.The plan runs counter to U.S. efforts to cut the flow of money Russia gets from oil and gas sales that can be used to pay for its war against Ukraine. Trump’s announcement came just a few weeks after Congress passed legislation that directed Trump to impose substantial tariffs on the top importers of Russian oil or natural gas, with an exception for countries that import less than 15% of Russia’s natural gas exports and have taken significant steps to reduce…

BANGKOK (AP) — Asian shares were mixed and oil prices fell about $1.50 a barrel Monday as U.S. stock futures gained more than 0.3% after Wall Street finished its record-setting week with gains. banks will report earnings from the most recent quarter.

In Asian trading, South Korea’s Kospi lost 3.1% to 6,416.17. Markets in Tokyo were closed for a holiday. Hong Kong’s Hang Seng edged 0.2% higher to 24,253.70 and the Shanghai Composite index slipped 0.1% to 3,809.08.