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Former U.S. Ambassador to Syria and White House advisor Mark Ginsburg, in an interview with Al Jazeera, stated that Trump's decisions are primarily driven by domestic political pressure and the midterm elections, rather than by long-term strategy. "Ultimately, Donald Trump will do what he has to do to preserve his political life before the midterm elections and address his declining domestic approval ratings," Ginsburg said. He pointed out that Tehran is well-informed about the internal political dynamics in Washington and is prepared for a protracted struggle. The Iranians are watching the U.S. polls closely; this regime will hold on until the last Iranian falls. They intend to cling to power, no matter how much suffering the people endure. Despite growing public "disgust" with the status quo, Trump faces a dilemma; he cannot afford the cost of admitting defeat. But Tehran is betting on a familiar script. The Iranians are essentially manipulating Trump, and also manipulating the U.S. Iran's assessment is that the U.S. will eventually "abandon all demands," and in the end, Iran will still receive sanctions relief.
Indian Prime Minister Narendra Modi stated that the weaponization of resources and strategic sea routes by some countries poses a risk to India's economic security and called for greater self-sufficiency in energy to reduce the country's vulnerability to overseas supplies.
Iranian Foreign Minister: Iran has not yet decided to resume negotiations with the United States.
Iranian Foreign Minister: The United States must meet (Iran's) conditions before shipping can resume in the Strait of Hormuz.
Indonesia's Geophysical Agency: The tsunami warning issued following the 7.7 magnitude earthquake has been lifted.
According to the Wall Street Journal: Sources say Nvidia (NVDA.O) and OpenAI have revised the structure of their proposed deal for a 10-gigawatt data center project in Ohio. Nvidia will guarantee 5 gigawatts of the project, reducing the guarantee amount from $250 billion to less than $120 billion.
The European-Mediterranean Seismological Centre has revised the magnitude of the earthquake in the Flores region of Indonesia from 7.4 to 6.9.
The European-Mediterranean Seismological Centre reports a 7.4-magnitude earthquake in the Flores region of Indonesia.
Petrobras: Signs of oil and gas have been found in an exploration well in the FZA-M-59 block of the Amazon Estuary Basin.
According to the Financial Times, Jane Street recorded a loss of approximately $15 billion in July.
According to the Iranian Students' News Agency, Iranian Foreign Minister Araqchi stated that no decision has been made regarding the resumption of negotiations with the United States. Qatar and Pakistan, acting as mediators, are exchanging information with Iran, but this does not mean that the US and Iran have entered into negotiations.
Fitch: The UK Prime Minister's more secure position within the Labour Party and rising approval ratings will help maintain political stability for the remainder of the current parliamentary term.
Fitch: The UK government's total debt as a percentage of GDP will rise to 106% by the end of 2028.
Fitch: The UK's current account deficit is expected to widen moderately this year due to increased energy imports.
Fitch: The UK government's overall deficit is expected to continue narrowing, falling to 4.2% of GDP by 2028.
Fitch affirmed the UK’s rating at “AA-” with a stable outlook.
Iranian Deputy Foreign Minister Gharibabadi: (in response to Trump's statement that he would declare the Strait of Hormuz as US territory) We will not be intimidated by US threats or displays of force.
Soros Fund Management disclosed that it increased its holdings in Apple (AAPL.O) by 29,004 shares, bringing its total holdings to 529,538 shares.
Market sources indicate that Canada's trade chief and chief negotiator will remain in Washington this weekend for consultations.
According to filings with the U.S. Securities and Exchange Commission, AMD (AMD.O) holds 3.3 million Class A shares of SpaceX (SPCX.O).