Global financial media focused on several headlines overnight and this morning, including Iran's talks with Oman on a temporary route in the Strait of Hormuz nearing completion, warnings from a senior U.S. official on cyber defense against AI risks, SpaceX's sharp drop, Google's AI restructuring, Meta's new AI coding agent, and SanDisk's quarterly results. According to Sina Finance, these were the main stories drawing attention across markets.

Iran's deputy foreign minister, Kazem Gharibabadi, said talks with Oman on a "temporary route" in the Strait of Hormuz for a period of "2 to 4 months" were in the final stage. He said the understanding did not mean the Strait of Hormuz would fully reopen.

The acting U.S. federal chief information security officer, Michael Duffy, warned that computer systems across the country need stronger defenses against rising AI-driven cyberattacks. He said government and private-sector institutions have historically taken a reactive approach to cybersecurity and that this must change in the AI era.

SpaceX fell 13% on Wednesday after a surge in AI spending unsettled investors and overshadowed quarterly results that had already exceeded expectations. The company said in its first earnings report as a public company on Tuesday that second-quarter capital expenditures jumped sixfold to $18.4 billion, with most of the spending directed to AI.

Google said its AI division will be reorganized, and chief scientist Jeff Dean will leave the company after 27 years. According to a memo from CEO Sundar Pichai posted on Google's blog, Google DeepMind CEO Demis Hassabis will become chairman of the unit and also serve as chief scientist at parent company Alphabet. Alphabet shares fell about 4% after the announcement.

Meta is launching its first coding agent, Muse Code, as it looks to compete with Anthropic and OpenAI. The tool, released by AI chief Alexandr Wang, is designed to make it easier to build applications within a single user interface while managing multiple AI-driven digital agents that can help support software development.

SanDisk reported fiscal 2026 fourth-quarter revenue of $8.97 billion for the quarter ended July 3, 2026, up 51% from the previous quarter and 372% from a year earlier. GAAP net profit was $6.90 billion, compared with a loss of $23 million in the same period a year earlier, and after-hours shares fell 8%.