Headlines discussed at LNWM’s Monday morning briefing:
— Attacks on two oil tankers in the Strait of Hormuz caused oil prices to rally, on security concerns for this key oil supply route.
— Moody’s downgraded Turkey’s bonds further into junk bond territory (to B1), citing rising risk of government default.
— Chinese telecom giant Huawei slashed its annual revenue forecast by $30 billion, citing the US ban on equipment sales to the company.
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