US President Donald Trump says progress has been made in dealings with Iran. He nevertheless warned that Iran would face a “hard hit” if no agreement is reached. The remarks combine an assertion that negotiations are advancing with a direct threat of consequences should a deal fail to materialise. Trump did not provide further details about the progress or the possible action in the statement.

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Biologists have warned in a new report that ships currently stranded in the Strait of Hormuz could create a worldwide ecological risk when shipping returns to normal. They say the vessels may carry invasive species to locations around the globe after movement through the waterway resumes. The warning focuses on the possible spread of non-native organisms linked to the ships’ prolonged stay and later departure.

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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.

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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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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.

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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.

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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

Ukraine has carried out another long-range drone attack against a warehouse owned by Russian e-commerce giant Wildberries. The strike marks another reported hit on a facility belonging to the retailer. Wildberries is described as Russia’s biggest retailer. The incident comes amid the continuing Ukraine-Russia conflict.

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Russia’s leading online retailer Wildberries said a Ukrainian drone strike on Monday hit one of its warehouses in the Vladimir region and sparked a fire. The company, often described as Russia’s Amazon, said its facilities have been targeted several times by Ukrainian drones in recent weeks. The statement links the warehouse blaze directly to the reported attack. No further details about the fire or casualties were provided.

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Ukraine’s military reportedly struck a Wildberries logistics center in Khryastovo, a town in Russia’s Vladimir Oblast, on the morning of Aug. 3. The report was carried by Russian Telegram media channels. The facility was identified as a Wildberries logistics site. The available account describes the strike but provides no further details about damage or casualties.

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The United States and Japan have unusually joined forces to intervene in the foreign-exchange market. Their stated aim is to prevent the Japanese yen from falling to a 40-year low. Both countries say they would not hesitate to carry out another coordinated intervention if necessary in the future.

US-Japan relationsJapanese yencurrency intervention

The US and Japanese finance ministers have disclosed that coordinated intervention was carried out and suggested it could be repeated in the future. The announcement triggered sharp moves across Tokyo markets on the 3rd. Foreign exchange, stocks and bonds all swung significantly. The dollar weakened while the yen strengthened, briefly reaching the lower 155-yen range per dollar.

US-Japan interventionforeign exchangeJapanese yenfinancial markets

The United States and Japan have taken a rare joint step to support the yen. Both countries say they will not hesitate to carry out coordinated interventions again in the future. The move signals a willingness to act together when needed to bolster the Japanese currency.

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Japan and the United States have confirmed a rare joint intervention aimed at supporting the yen. US President Donald Trump said that helping strengthen the Japanese currency represents a sign of friendship. The intervention highlights coordinated action between the two countries to bolster Japan’s currency.

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President Donald Trump said Sunday that the United States had intervened to support the Japanese yen. He characterized the move as a “signal of friendship” and said it would benefit both the American and global economies. The Financial Times reported that Washington and Tokyo had jointly backed the yen for the first time in nearly three decades. The account described the action as a rare currency intervention involving the two countries.

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