HSBC's preview of the US July CPI: It is expected that several core inflation components will cool down more than expected, leading to both the overall CPI and core CPI falling short of market expectations.

According to TASS, U.S. Middle East envoy Witkov and Trump senior advisor Kushner may visit Kyiv and Moscow in the next seven to ten days.

Iranian Revolutionary Guard Commander: The United States and Israel have completely failed in achieving their goals against the Islamic regime, and their leaders have shown no response to their repeated failures in the face of public opinion, elites, and their own people.

According to The Times of London, British Defence Secretary Strettin said allies must step up their efforts to help Ukraine get through the winter.

According to Iran's Fars News Agency, Bulgaria claims that a Ukrainian drone attacked the Trans-Balkan Gas Pipeline this morning, which carries Russian gas to Europe via Türkiye.

Qatar University scholar Al-Etaibi points out that Gulf states are deeply concerned about Iran's demand for compensation in exchange for the reopening of the Strait of Hormuz. He believes that Iran views its negotiations with Oman on navigation in the strait as an extension of its game against the US, aiming to demand compensation for the US's violation of the memorandum of understanding. "What is the cost of reopening the waterway? Is it unfreezing assets in exchange for freedom of navigation? This is not a matter of principle, but rather a negotiating card played by Iran against the US and the region," he warns. He warns that if Iran demands money for the opening of the Strait of Hormuz, "it may come back in a month or two demanding more funds to reopen it," leading to endless negotiations that erode trust and freedom of navigation. He advocates for the resumption of direct dialogue between the US and Iran, in addition to the Iran-Aman negotiations, and for seeking a compromise on asset unfreezing and strait management. Although Gulf states welcome the progress of the Iran-Aman negotiations, their options are extremely limited in the face of Iran's compensation demands. Al-Etaibi states that all parties are positive about the Iran-Aman negotiations, hoping to reaffirm freedom of navigation. However, he warns that Iran's use of freedom of navigation as a "bargaining chip" is a dangerous signal for the Gulf states. He admitted that the Gulf states "are unwilling to use force and can only defend themselves and their sovereignty," thus their options are extremely limited. Iran said on Saturday that it was close to reaching an agreement with Oman, but emphasized that reopening the Strait of Hormuz depended on Washington accepting Tehran's conditions (including compensation). Given the Gulf's heavy reliance on the Strait of Hormuz for oil and gas exports, this stalemate has left the countries feeling deeply passive.