Middle East
Trump threatens to bomb Oman as US-Iran ceasefire expires A 60-day truce between the US and Iran is set to expire Monday with no deal in sight. President Trump threatened to bomb Oman if it “gets in the way” of developments with Iran, according to reports. CNBC · Bloomberg · Middle East Eye
Strait of Hormuz shipping traffic sinks to new low Shipping traffic through the Strait of Hormuz fell to a new low as the US-Iran ceasefire approached expiry with no agreement on how the strait should be managed. CNBC
Iran warns of ‘strategic surprises’ as it shifts stance Iran warned its enemies to “anticipate strategic surprises” as it moves away from a defensive posture. Middle East Eye
Trump contradicts Vance on top US goal in Iran war Trump publicly diverged from Vice President Vance on what the primary US objective is in the Iran war. Middle East Eye
USS Washington to relieve USS Lincoln The USS Washington is en route to the Middle East to relieve the USS Lincoln amid concerns about conditions aboard. NPR
Kushner meets Netanyahu after Hamas talks Jared Kushner met Prime Minister Netanyahu in Jerusalem following talks with Hamas, seeking Israeli backing for the US-backed Gaza peace plan. BBC · Guardian
Yemen’s Mocha, from fishing town to city of fighters A report on how Yemen’s port town of Mocha was transformed from a community of fishermen into a militarized city. Middle East Eye
Asia-Pacific
Trump orders US to scale back South Korea military drills Trump ordered the Pentagon to cut back joint military exercises with Seoul, hours before they were due to start, citing a “very good relationship” with Kim Jong-un. Al Jazeera · Guardian · France24
Putin visits Kuril Islands to ‘punish’ Japan Analysts said Russian President Putin’s visit to the disputed island chain sent a “message” to Japan, which for decades has sought to reclaim control of the territory, over its stance on Ukraine. DW
Europe & Russia
EU plans most far-reaching sanctions on Russia in coming months EU foreign policy chief Kaja Kallas said the bloc will significantly expand sanctions on Russia over its war in Ukraine, describing the coming package as the most far-reaching since the war began. She said existing sanctions have deprived Russia’s war machine of over €1 trillion. SCMP
United States
At least seven dead from Indiana storms and record flooding Days of storms and record flooding in Indiana have killed at least seven people. Guardian
United Kingdom
Musicians urge PM to reject new North Sea drilling Thom Yorke, Romy, Brian Eno and around 200 other musicians signed a letter urging the prime minister to reject new North Sea drilling, including the Rosebank field. Guardian
Jenrick says Reform would put benefits claimants on high-street cleanup Robert Jenrick said a Reform government would require long-term benefits claimants to clean up high streets. Guardian
Markets & Finance
Nvidia cuts financial backstop for OpenAI’s Ohio data center Nvidia revised its plan to slash its financial backstop for OpenAI’s Ohio data center to under $120 billion, after investors raised concerns about its risk exposure tied to large financing commitments. Quartz
US ends solar tariff dodge The White House is moving to better safeguard its solar industry, while facing an uphill battle to become competitive with China. Bloomberg
Dollar losses extend but stabilize ahead of North American session The dollar’s losses extended overnight but were stabilizing ahead of the North American trading session. Seeking Alpha
Israel’s largest crypto broker hit by data breach Bits of Gold, Israel’s largest crypto broker, was hit by a data breach affecting 200,000 customers. CoinDesk
Bitcoin options remain expensive despite summer calm Bitcoin options are staying expensive despite a period of summer market calm. CoinDesk
SoFi rebound has only just begun, says Piper Sandler Piper Sandler initiated coverage of fintech company SoFi with an overweight rating, saying the rebound has only just begun. CNBC
Science
Chinese team aims to bring ‘smart’ diabetes probiotic to US shelves Researchers at East China Normal University engineered a probiotic designed to sense high blood sugar and release a glucose-lowering hormone, which performed on par with Ozempic in animal tests. The team has filed patents and is scaling up production, aiming for US shelves within two years. SCMP
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