1. Iraq has significantly lowered its oil selling price for shipments through the Strait of Hormuz, as Iran's speaker mentions a "new equation" being solidified in the strategic strait.
2. Foxconn reported a 29.74% YoY increase in April revenue and projects Q2 growth, signaling positive sentiment in the technology sector.
3. Indonesia will offer higher incentives for electric vehicles using domestically-sourced nickel batteries, potentially boosting related industries.
Iraq Slashes Oil Prices Amid Hormuz Tensions, Foxconn Signals Tech Strength, Indonesia Boosts EV Sector
