Yemen's Houthi group said it fired a missile at a Saudi tanker in the Gulf of Aden, claiming the strike hit and forced the vessel to turn back. The group described it as part of its maritime shipping ban against Saudi Arabia and said Saudi tankers would not be allowed through Red Sea north-south routes until the blockade is lifted. Saudi Arabia has not yet confirmed the incidents.
Iran said it will not reopen the Strait of Hormuz to shipping until the US ends its maritime blockade of Iranian ports, even if an agreement with Oman is finalized. Tehran and Oman have agreed on shipping routes and are finalizing joint management arrangements, but Iranian officials say reopening depends on US commitments. Iran blamed US blockade and other hostile actions for continued insecurity in the strait.
Iranian Deputy Foreign Minister Gharibabadi denied that Iran is negotiating with the US over the Strait of Hormuz, calling US claims of talks incorrect. He said Tehran has received messages from Washington about readiness to resume commitments but has not decided whether to enter the next phase of a potential US-Iran understanding. This comes after Trump said the strait would reopen soon or face new attacks.
Iran's deputy foreign minister said a new agreement with Oman will close the temporary shipping route in the Strait of Hormuz. The new plan will be designed so that entry routes and some exit segments pass through Iranian waters. This could affect shipping arrangements in the area.
Iran's deputy foreign minister said a potential transit route in the Strait of Hormuz, agreed with Oman, may become effective in 2 to 4 months. This could affect regional shipping expectations. Details remain unclear.
According to Iran's Tasnim News Agency, Yemen is preparing for a full-scale confrontation with Saudi Arabia. Attacks on Saudi vessels have consolidated a blockade-for-blockade situation. In light of developments on the ground, Yemen's armed forces say previously safe shipping routes are no longer safe.
Iran's Foreign Ministry spokesman said talks with Oman over safe shipping lanes in the Strait of Hormuz have lasted two months and the two sides have agreed on geographic coordinates for the proposed route. The joint statement with main consensus is in its final review stage, provided no third parties obstruct the process. The spokesman also said Iran's foreign minister or parliament speaker has no immediate plans to visit Pakistan or Qatar, while acknowledging their continued efforts to ease tensions.
Iran FM: Iran-Oman Deal Doesn't Mean Hormuz Safe · Iran's foreign ministry spokesman said the Iran-Oman agreement itself does not mean passage through the Strait of Hormuz is safe. He added that a joint statement is in the final drafting stage.
Iran's foreign ministry spokesman said Iran and Oman have reached agreement on the geographic alignment of shipping routes in the Strait of Hormuz. The deal could help clarify navigation arrangements in the strategic waterway.
US Treasury Secretary Bessent said that during Warsh's tenure at the Fed, a key spectacle would be watching stenographers disguised as reporters, such as Nick Timiraos of The Wall Street Journal, reduced to covering Fed backroom gossip. He argued they cannot produce real economic or monetary policy analysis without being fed information.
According to Fox News, the US Treasury removed Iran-related sanctions from its website. A Treasury official said the removal does not represent any policy change toward Iran, the IRGC-Quds Force, or designated terrorist groups, and was part of routine administrative review regarding Baghdad Air.
US Lifts Sanctions Related to Iran · The US Treasury website shows the US has lifted sanctions related to Iran. This move could affect Iran's economy and diplomatic relations.
Iranian and Omani negotiators have finalized a draft agreement on the Strait of Hormuz, pending approval by Iran's supreme leader, according to regional officials. The potential deal is intended as an interim solution to U.S.-Iran disputes over shipping and relates to a June agreement that did not last. It could pave the way for renewed talks on Tehran's nuclear program.
Two regional officials told the Associated Press that Iranian and Omani negotiators have finalized a draft agreement on the Strait of Hormuz. The draft awaits final approval by Iran's supreme leader. This could affect navigation safety and regional stability in the strategic waterway.
SpaceX (SPCX.O) Falls 12%, Market Cap Down Over 2050 Hundred Million USD · SpaceX (SPCX.O) shares fell 12% in early trading, erasing over 2050 hundred million USD in market value. The decline reflects heightened concerns about the company's near-term prospects.
A senior Gulf official familiar with the talks said there is a fifty-fifty chance of a US-Iran deal on Friday, despite President Trump suggesting an agreement is near. The Iranian delegation does not include representatives of the hardline Islamic Revolutionary Guard Corps, who must approve the interim deal details. Iran denies direct talks with Washington, insisting it is only consulting with Oman on Hormuz shipping.
Minneapolis Fed President Kashkari, an FOMC voter, said Wednesday on CNBC that the Fed should begin gradually raising interest rates to lower inflation and avoid steeper hikes later. He cited strong corporate profits, resilient consumers, and a solid labor market, adding there is no evidence policy is clearly restrictive. Kashkari, who supported a quarter-point hike at the last meeting, said upcoming data will be key for September.
According to CBS, sources say the Iran-Oman proposal to reopen the Strait of Hormuz will not charge transit or service fees for vessels. The plan routes inbound ships via Iran-coordinated lanes and outbound via Omani-coordinated lanes. If approved, the U.S. and Iran would return to talks under the June memorandum allowing free passage within sixty days.
ADP data showed U.S. private-sector hiring slowed sharply in July, adding only 4.4 ten-thousand jobs. All gains came from services, led by education and health services. This indicates labor market cooling as hiring patterns shift.
U.S. ADP private employment rose by 4.4 (ten thousand) in July, missing the expected 7 (ten thousand) and below the prior 9.8 (ten thousand). The slower growth suggests cooling labor market momentum, which could affect expectations for Fed policy.
Fed's Kashkari: Not Calling for Big Rate Hikes · Federal Reserve official Kashkari said he is not calling for big rate hikes. The remarks reflect a cautious stance on current monetary policy.
Fed's Kashkari: Time to Start Gradually Raising Rates · Federal Reserve official Kashkari said he believes it is time to begin gradually raising interest rates. The remark suggests a potential shift toward tighter monetary policy, which could affect market expectations.
Shopify's shares expanded premarket gains to over 30% after the company reported second-quarter revenue that beat expectations. The market reacted positively to the earnings beat, though detailed financials were not disclosed.
Trump said US-Iran talks are going well and that the Strait of Hormuz will reopen soon or Iran will face a heavy strike. He also spoke with Qatar's emir, revoked the Brazilian ambassador's visa, and plans to extend the Jones Act waiver to ease gasoline prices. An armed man was arrested at a Trump golf course before an event, while tariff refunds remain a notable development.
AMD reported record revenue and profitability for the second quarter of 2026. Data Center revenue more than doubled year over year. Management cited accelerating EPYC demand, scaling Instinct deployments, and the ramp of Helios as momentum for the second half.
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