‼️ 🇮🇷 Iran has tied reopening the Strait of Hormuz to ending regional conflicts, including a ceasefire in Gaza, Israel’s withdrawal from Lebanon, and an end to Israeli strikes in Syria, according to Supreme National Security Council Secretary Mohsen Rezaei. However, The Wall Street Journal reported that Trump is not interested in reviving the Iran deal framework agreed in June.
‼️ BREAKING: Venezuela has been discussing leaving OPEC with US officials, per Bloomberg. This comes amid reports that the US is negotiating a deal to take a large stake in Venezuelan oil fields.
‼️ 🧠 BREAKING: Kioxia and SanDisk plan to invest over ¥5 trillion ($31.4 billion) in Japan to expand production of a critical AI data-center component facing shortages.
‼️ China’s industrial profits grew 11.2% year-on-year in July, the slowest pace this year, following a 17.6% rise in the first seven months; after years of declines since 2021 and barely positive growth last year, profitability has turned sharply higher, now posting double-digit gains.