Indonesia’s economy grew 5.29% year on year in the second quarter, according to official data released Wednesday. Growth was slower than in the preceding quarter. It nevertheless exceeded expectations. The figures point to a moderation in economic momentum while showing a stronger performance than forecast.

IndonesiaGDPeconomic growth

The Reserve Bank of India left its policy repo rate unchanged at 5.25% on Wednesday, in line with expectations. The central bank is waiting for more data before deciding whether rising oil prices are adding to inflationary pressure. The assessment concerns price pressures in Asia’s third-largest economy.

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US leader Donald Trump said the Strait of Hormuz would be opened again very soon. He described the discussions as very good, signalling confidence that an agreement could lead to the waterway’s reopening.

Donald TrumpStrait of HormuzIranpeace talks

Oil prices extended their decline for a third consecutive day as signs of progress raised optimism that an agreement could reopen the Strait of Hormuz. Such a deal could release supplies currently held up in the Persian Gulf. The market is focusing on whether negotiations can restore passage through the strategic waterway. The move follows two days of earlier losses.

oil pricesStrait of HormuzPersian Gulfenergy supply

The United States is preparing to announce an agreement with Iran and Oman concerning the Strait of Hormuz on Wednesday, Axios reports. The news portal says the deal could remain in effect for more than 60 days. No other terms of the proposed arrangement are described. The development concerns coordination among the three countries over the strait.

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Oil prices stabilized on Wednesday after plunging sharply over the previous two trading sessions. Investors are watching whether efforts to end the U.S.-Iran war are advancing. They are also looking for signs that traffic through the blockaded Strait of Hormuz could be restored. The potential reopening of the key route remains central to market attention.

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US stocks reached a record high as hopes grew that the Strait of Hormuz could reopen. Oil prices declined after US officials promoted progress in talks aimed at reopening the critical waterway.

US stocksStrait of Hormuzoil pricestalks

Bank of Japan policymakers discussed mounting price risks when they raised borrowing costs in June. The meeting minutes indicated that those risks likely called for additional rate increases. The move had already pushed borrowing costs to their highest level in 31 years. The record also underscored the central bank’s growing focus on inflation becoming broader.

Bank of Japaninterest ratesinflation

Japanese policymakers are growing more wary that the yen’s downward trend has continued even after intervention. A weaker yen can push up import prices and potentially increase the burden on households. The currency’s weakness is presented as a concern not only for Japan but also for the United States. The large interest-rate gap between Japan and other major economies, including Japan’s ultra-low rates, is identified as the main driver. Some voices also fear declining confidence in Japanese assets.

Japanese yenexchange ratesinterest-rate gapJapan economy

SpaceX performed better than Wall Street had expected. The update urges readers to catch up on the development.

SpaceXearningsWall Street expectations

SpaceX exceeded earnings expectations in its first-ever quarterly report. The company is nevertheless continuing to burn through cash as it pursues CEO Elon Musk’s vision. That vision centers on an AI-powered future and the colonization of Mars. The report therefore portrays stronger-than-expected earnings alongside heavy spending to advance Musk’s ambitions.

SpaceXquarterly earningsElon Muskartificial intelligenceMars colonization

SpaceX reported its first quarterly results since becoming a public company on Tuesday. Revenue climbed 92%, supported by strong expansion in its Starlink satellite-internet and artificial-intelligence businesses. The company also unveiled a partnership with Nvidia involving chips for data centers. Despite beating expectations, SpaceX said AI-related costs weighed on its stock.

SpaceXquarterly resultsStarlinkAI costs

SpaceX reported its first quarterly results since going public on Tuesday. Revenue nearly doubled from the comparable period, while operating losses narrowed sharply. The company attributed the strong performance to rapid growth in its Starlink satellite-internet business and its artificial-intelligence operations.

SpaceXquarterly resultsStarlinkartificial intelligence

SpaceX has released results for the April-to-June quarter, its first earnings report since going public. Revenue climbed 92%, helped by strong expansion in its Starlink satellite-internet business and its artificial-intelligence operations. Despite that sharp increase in revenue, the company reported a net loss for the quarter.

SpaceXStarlinkearningsartificial intelligence

Elon Musk’s SpaceX has reported a loss. Revenue rose by more than 90 percent from the same period a year earlier. That increase exceeded analysts’ expectations. The company therefore posted a smaller-than-expected loss despite remaining in the red.

SpaceXElon Muskquarterly results

Iran has warned the United States not to direct traffic in the Strait of Hormuz. The warning focuses on US activity in the strategic waterway. Tehran is objecting directly to any such role. The statement highlights tensions surrounding movement through the strait.

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Qatar says efforts to mediate between the United States and Iran are continuing. Signals from Washington and Tehran have been contradictory. Tehran has rejected President Trump’s assertion that talks are already under way. Qatar’s statement indicates that, despite the mediation effort, no direct US-Iran discussions are currently planned.

United StatesIranQatardiplomatic mediation

Oil prices declined as hopes grew that the Strait of Hormuz might reopen. US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent each said talks had advanced. The discussions are aimed at enabling shipments to resume. Their announcements helped strengthen expectations of renewed passage through the strategic waterway.

Strait of Hormuzoil pricestalks

Big Oil companies are reporting extraordinarily large profits while the Iran war disrupts energy flows. The critical Strait of Hormuz remains closed, creating a stark backdrop to the industry’s financial gains. The combination of a major wartime disruption and record earnings raises questions about how oil producers are benefiting as the key waterway stays shut.

oil profitsIran warStrait of Hormuz

US Treasury Secretary Scott Bessent says an agreement between the United States and Iran could be concluded as early as August 4-5. He says the arrangement would guarantee freedom of navigation through the waterway. The statement presents the prospective deal as addressing passage through the waterway and the two countries’ negotiations.

United StatesIrandiplomacyfreedom of navigation