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Iraq Slashes Oil Prices Amid Hormuz Tensions, Foxconn Signals Tech Strength, Indonesia Boosts EV Sector
05 May 2026, 04:00 - 08:00 (UTC)
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.
#MarketNews #Trading #CrudeOil #Geopolitics #Foxconn #TechStocks #Nickel #EVIncentives #HormuzStrait #GlobalEconomy
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.
#MarketNews #Trading #CrudeOil #Geopolitics #Foxconn #TechStocks #Nickel #EVIncentives #HormuzStrait #GlobalEconomy