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Ali Akbar Darani, a researcher at the Iranian Center for Strategic Studies, said that Iran and Oman are close to reaching an agreement on the future administration of the Strait of Hormuz, with the main obstacle being US pressure on Oman to adopt a more aligned stance with Washington. Darani stated that Iran considers future control of the strait crucial to its national security. This comes after months of US strikes against Iran, which Iran claims originated from bases in the region. Darani said the ongoing negotiations between Iran and Oman offer the US a “good opportunity to get out of this quagmire” by acknowledging that Iran and Oman are the countries that will determine the “future” of the Strait of Hormuz. “But the Strait of Hormuz can never return to its pre-war state,” he continued. “The geopolitics of the region has changed.”

Federal Reserve Governor Bowman's participation in a fireside chat will be announced in ten minutes.

US Vice President Vance: Iran has informed the United States that it will allow the maximum flow of oil through the Strait, but we do not trust them.

US Vice President Vance: The United States will continue to exert pressure on Iran.

U.S. Vice President Vance: The United States is working to establish a safe passage route that will allow ships to pass safely through the Strait of Hormuz.

According to Fox News: U.S. Vice President Vance stated that Iran has informed the United States that it will not impose any transit fees on the Strait of Hormuz, despite statements from within the regime indicating a willingness to do so.

Former U.S. State Department official Marin Hardinger pointed out that one of the costs the U.S. paid in the war with Iran was the loss of its own "credibility." Meanwhile, Saudi Arabia, Turkey, and Pakistan have just signed a defense agreement. Hardinger stated that this is precisely what Washington has been worried about: if the Middle East does not consider the U.S. a reliable defense ally and is unwilling to truly intervene and provide protection, then the Gulf states have another option: to form their own alliance. In the short term, if this new alliance can help address Iran's pressing defense issues, it's not a bad thing. However, in the long run, it could become the starting point for weakening U.S. dominance in the Gulf region, and such a change is unlikely to be good for either the Gulf states or the U.S. in the coming years.

British media reported that in the first 38 days after the outbreak of war, Saudi Arabia launched approximately 2,400 PAC-3 (Patriot-3) interceptor missiles, representing about 86% of the country's total stockpile of 2,800. By April of last year, Saudi Arabia had only about 400 interceptor missiles available. Other Gulf Arab states have also depleted similar amounts of their missile reserves, highlighting the military crisis facing the region.

The UK Maritime Trade Organization reports that reliable sources have indicated a fire caused by an unidentified flying object attack on a vessel, which has now been extinguished. The crew has reported being safe and there has been no environmental impact.

The UK Maritime Trade Organization has received reports of an incident occurring 18 nautical miles east of Abdullah in Oman.

Berkshire Hathaway A (BRK.A.N) reported Q2 2026 revenue of $12.983 bln, down from $92.515 bln a year earlier, and net income attributable to shareholders of $25.667 bln versus $12.37 bln a year ago. Cash and equivalents fell to $364.7 bln from $397.0 bln at end‑Q1. Fair value of fixed‑income investments totaled $17.034 bln, comprising $3.002 bln in US Treasuries, $12.668 bln in foreign bonds and $1.364 bln in corporate bonds. Sixty‑six percent of the fair value of equity holdings is concentrated in American Express, Apple, Bank of America, Alphabet and Coca‑Cola.

Berkshire Hathaway A (BRK.A.N): As of June 30, 66% of the fair value of its equity investments was concentrated in American Express, Apple, Bank of America, Alphabet and Coca-Cola.

Berkshire Hathaway A (BRK.A.N): As of June 30, 66% of the total fair value of its equity investments were concentrated in American Express, Apple, Bank of America, Alphabet, and Coca-Cola.

A spokesman for the Iranian Revolutionary Guard stated that the reopening of the Strait of Hormuz depends on the United States fully accepting Iran's conditions; it is unrelated to negotiations between Iran and Oman.

According to RIA Novosti, the Russian Ministry of Defense stated that it had seized Ivanivka in the Kharkiv region of Ukraine.

India’s food regulator has notified Diageo, the world’s largest spirits company, that its claim that a local whisky brand is “aged in American oak barrels” is misleading.

Local authorities say the fire at the Ilsky oil refinery in Russia’s Krasnodar region has been extinguished.

The U.S. Senate has confirmed that Todd Branch will serve as U.S. Attorney General.

The Ukrainian military stated that Ukrainian troops attacked the Ilsky and Sizlan oil refineries in Russia, causing fires.

The U.S. Senate passed a temporary funding bill to avoid a government shutdown on the eve of the election.