China’s leadership is meeting in the shadow of crises abroad this week, as it puts the finishing touches on its blueprint for growth through 2030 and unveils plans to insulate the economy from global turmoil.

Amid the worst start to the year for their stocks in more than a decade, leaders of Wall Street’s biggest private markets firms had a surprising message: investors have reason to be concerned.

President Donald Trump said the US will provide insurance guarantees and naval escorts to ensure safe passage for oil tankers and other vessels through the Strait of Hormuz, intending to head off a potential energy crisis caused by the war with Iran.

A liquidator for Brazilian Banco Master SA sued the family members of financier Daniel Vorcaro in a US bankruptcy court, alleging a massive fraudulent scheme that misappropriated more than $1 billion in bank funds.

A forecast last week from UBS Group AG analysts that private credit default rates could reach 15% was “absolutely wrong,” Ares Management Corp.’s Chief Executive Officer Mike Arougheti said.

Banco Santander SA Executive Chair Ana Botinsought to play down the rift that has opened between the US and Spain, following US President Donald Trump’s threats to cut trade with the country.