On Tuesday, Indian Defense Minister Rajnath Singh approved the transfer of technology developed by the Defence Research and Development Organisation (DRDO) to Indian defense companies for the domestic production of all conventional missile systems. The DRDO is the research and development agency under the Indian Ministry of Defence. This move is part of New Delhi's "Aatmanirbharta" (Self-Reliance) initiative, aimed at strengthening India's defense manufacturing sector, reducing reliance on overseas suppliers, and enhancing defense export capabilities and deterrence against Pakistan. However, analysts say that achieving self-sufficiency in India's defense manufacturing sector remains a distant goal, as its missile supply chain still relies on imported components, and whether private companies can independently produce complex weapon systems in the short term remains to be seen.

A Reuters poll shows that more than two-thirds of forecasters expect the Reserve Bank of New Zealand to raise interest rates at least once more after September, with the cash rate expected to reach 3.00% or higher by the end of the year.

A Reuters poll showed that 27 out of 31 economists expect the Reserve Bank of New Zealand to raise the cash rate by 25 basis points to 2.75% on September 2.

Goldman Sachs strategist Rich Privorotsky believes that oil prices may be more important than the Jackson Hole symposium. In other words, Goldman Sachs believes the market may be overemphasizing Warsh's speech while underestimating the impact of oil prices on inflation and financial markets. Goldman Sachs argues that if oil prices fall: oil prices ↓ → inflation expectations ↓ → consumer pressure ↓ → long-term US Treasury yields ↓ → equity valuation pressure ↓ → risk assets benefit. Therefore, oil prices may be more important than Warsh's speech itself. Privorotsky believes that unless Warsh significantly deviates from his previous policy stance, Jackson Hole itself may not pose a "major event risk."

South Korea's National Security Advisor: South Korea is seeking to strengthen cooperation with the United States on current issues including investment, Coupang, and national security.

U.S. Treasury Secretary Bessant: Blockades and economic isolation will destroy Iran's already collapsing economy. In the past 14 days, the U.S. has diverted 130 million barrels of oil out of the Strait of Hormuz, while Iran has exported zero crude oil.