Real-time News

Conflict Situation: 1. Saudi official: Iran is planning an attack on Saudi Arabia. 2. UNIFIL: Israeli forces fired 113 artillery shells into Lebanon in a single day. 3. Israeli Navy conducts large-scale military exercises in the Mediterranean and Red Sea. 4. Explosion heard on Qeshm Island, Iran claims it was caused by striking enemy targets. 5. US media reports Trump was misled about ammunition reserves and vented his dissatisfaction to the Defense Secretary. Trump subsequently denied this. 6. According to IRNA: Sources in Yemen linked to the Houthi rebels say that Saudi military command centers on the Yemeni border were attacked. US-Iran Negotiations: 1. Trump: An agreement with Iran may be reached soon. 2. A person familiar with the negotiations said, "We are entering a critical 24 hours. Either a temporary agreement on the Strait of Hormuz is reached, or the situation will escalate." Strait of Hormuz: 1. Industry sources: The proposed Iran-Oman Straits agreement faces dual obstacles of US sanctions and insurance. 2. Iran pushes forward a bill on rules for passage through the Strait of Hormuz, intending to prohibit adversaries from passing through the Strait of Hormuz. 3. Data from maritime data tracking agency Kpler shows that only two ships passed through the Strait of Hormuz on Wednesday, down from eight the previous day. 4. United States – ① Trump: No agreement has been reached on the Strait of Hormuz, but the strait is currently “somewhat” open, and we currently control it. ② US officials: The Strait of Hormuz is an international waterway, and no single party controls the navigation channel or transit passage. The temporary route will be unimpeded. 5. Other – ① According to Al Arabiya TV: Oman and Iran will soon issue a joint statement on the transit corridor in the Strait of Hormuz. ② According to Saudi media Hadas: Senior sources say that Iran and Oman have reached a preliminary consensus on the reopening of the Strait of Hormuz. The agreement may be announced within days, but it still needs approval from Iran's National Security Council. The agreement will last for 60 days and aims to restore navigation. Other: 1. Houthi rebels warn Saudi Arabia: Any act of aggression will have consequences. 2. US Saudi crude oil imports fell to zero in July, the first full month of interruption in over 40 years. 3. The seventh round of talks between Lebanon and Israel has concluded and is scheduled to continue on September 1st. 4. According to Axios: US sources revealed that Trump spoke with the Saudi Crown Prince. 5. Saudi Aramco will lower the price of its Arab Light crude oil for delivery to Asian customers by 50 cents per barrel next month, resulting in a discount of $2 per barrel to the Oman/Dubai average price. 6. According to reports from Al Arabiya TV and Saudi media Hadas, Iraqi security sources stated that various Iraqi armed factions have redeployed to the front lines due to concerns about escalating security tensions.

In ten minutes, Musalaim, a 2028 FOMC voting member and president of the Federal Reserve Bank of St. Louis, will speak on the U.S. economy and monetary policy.