Venezuela Energy Deals: Chevron, GE Vernova, ONGC, Eni and Colombia’s GeoPark are reportedly close to signing final pacts in Venezuela, many tied to a six-month migration of oil contracts under a more flexible hydrocarbon law—potentially expanding field operations and exports. Oil Market Volatility: Oil prices jumped more than 2.5% as US-Iran tensions flared again, with markets watching supply disruption risk and Strategic Petroleum Reserve levels. Colombia Wildfire Recovery: President Abelardo De la Espriella announced a recovery program for Tolima after fires hit over 50,000 hectares, with authorities saying there are indications some blazes were deliberately started. AI in Industry: A Colombia AI Pulse study finds 61% of firms call AI strategic, but only 37.7% have integrated it into daily operations, leaving a major scaling gap. Trade & Logistics: US-Mexico freight volumes surged sharply at Laredo, underscoring nearshoring-driven capacity pressure that will ripple into regional supply chains. Agri-Food Impact: Fires in Tolima and Huila are reducing Colombian lime supply, pressuring local markets.