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.
Apple sought to include CXMT in its supply chain to cut costs, but negotiations to lower purchase prices hit resistance. CXMT rejected Apple's demands, quoting prices at least on par with Samsung and SK Hynix. Strong demand from Chinese tech giants like Huawei and Xiaomi supports CXMT's pricing power.
Citing an informed source, Iran's Tasnim News Agency reported that a potential Iran-Oman agreement on ship passage through the Strait of Hormuz is unrelated to an immediate reopening. The talks are purely between Iran and Oman, not involving the US. If the US continues its violations, the strait will not open even if an agreement is reached, as its opening depends on a change in US behavior.
SpaceX (SPCX.O) dropped over 10% in premarket trading as concerns grew over its surging AI spending. The decline reflects investor worries about rising costs potentially impacting profitability. This highlights growing market attention on AI-related expenditures.
Esmail Kowsari, a member of the Iranian parliament's national security committee, said in an IRIB interview that President Donald Trump's approach to negotiations with Iran is contradictory and unreliable. Kowsari cited repeated Trump statements claiming the Strait of Hormuz was open, asserting Iranian failure, and suggesting an imminent deal with Tehran, while Iran denies direct talks with Washington. The criticism underscores deep mistrust on Iran's side and a widening gap over the prospect of any agreement.
The National Certification and Accreditation Administration has decided to suspend, effective immediately, the entrustment of U.S. certification bodies to conduct post-certification factory follow-up inspections by China's designated CCC certification agencies. This will affect the follow-up supervision of product certification.
The Ministry of Commerce announced tighter export controls on drone-related dual-use items to the United States, citing national security and international non-proliferation obligations. Items on the export control list, including drones, key components, and related technology, will undergo strict case-by-case review without license facilitation. The measure takes effect immediately upon announcement.
Yemen's Houthi group said they used a ballistic missile to strike a Saudi oil tanker named "Wafa" in the Red Sea north of Yanbu, claiming a direct hit. It is the eighth Saudi tanker they claim to have attacked since the blockade began on the twenty-second of July. They also said they forced twenty-nine other Saudi tankers to turn back, heightening shipping risks in the Red Sea.
Yemen's Houthis Say They Attacked a Saudi Tanker in the Red Sea · Yemen's Houthi group said it attacked a Saudi oil tanker in the Red Sea. The incident could heighten shipping security risks in the region and affect energy transport routes.
An informed Iranian official said U.S. intervention and military threats were the main reasons for the delay in the agreement with Oman on the Strait of Hormuz. As long as threats remain, the deal will be postponed. Iran will not reach any agreement under the shadow of threats.
Iran state media cited informed sources saying the Hormuz Sea agreement with Oman will be postponed as long as the US continues to threaten Iran. The delay reflects how regional tensions are affecting diplomatic efforts. Geopolitical risks may draw attention.
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