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U.S. President Donald Trump made sweeping new demands on Iran after Tehran reiterated its own calls for reparations, dimming hopes of a quick deal to reopen the Strait of Hormuz and sending oil prices surging again, Bloomberg reported. On social media, Trump said he is demanding compensation from Iran for people killed and wounded by its roadside bombs and conflicts, and for families of protesters he said Iran has killed over the past 50 years. He said the demands, later expanded to cover damages in Lebanon, Syria, Yemen and Gaza, would be placed firmly into all future negotiations—terms Iran is almost certain to reject. The hardening on both sides makes any immediate Hormuz pact unlikely, even after Trump and other US officials had recently suggested a deal was nearing.
Brent crude rose about 5% Monday to end near $88 a barrel, and European diesel futures jumped more than 10% as refineries in Saudi Arabia, Libya and Russia also came under attack, according to Bloomberg. Iran's foreign ministry spokesman Esmail Baghaei said the strait's reopening is contingent on the US ceasing what he called illegal actions, lifting the siege and paying compensation. Trump insisted compensation for Iran was never discussed, though the 14-point June memorandum details a planned $300 billion fund for Iran's postwar rehabilitation. Trump said Monday that Hormuz is "open now" and controlled by the US, and signaled he would let economic pressure build rather than launch fresh strikes. Senate Democratic leader Chuck Schumer said Trump got the US into an illegal war and has no way out. Over the weekend Iran named hard-liner Mohsen Rezaee, an advocate of full Iranian control over the waterway, to head its Supreme National Security Council.

Bitcoin rose 0.54% since midnight UTC to $65,209 and Ether gained 0.86% to $1,925 as the crypto market opened the week on a constructive note, with sentiment stabilizing following July's turbulence. The move correlated with Nasdaq 100 futures rising 0.45%, buoyed by reports from the Middle East that Iran is ready to strike a deal with Oman to reopen the Strait of Hormuz. Bitcoin's 30-day implied volatility index BVIV fell to a 2026 year-to-date low of 35.59% — signaling expectations for calm even as put options continue to trade at a premium to calls. The long-short taker ratio flipped bullish with longs accounting for 52% of flow. BTC calls at the $68,000 and $70,000 strikes dominate 24-hour Deribit volume, providing the options market's directional read on where sophisticated participants expect Bitcoin to go if the Hormuz deal materializes. The altcoin market is delicately poised, waiting to see if Bitcoin can drive into the $68,000-$72,000 range before capital rotation into altcoins begins — with the CoinMarketCap Altcoin Season indicator falling to 37/100 from last week's peak of 51/100 as investors focus on Bitcoin's potential move higher.
The Iran-Oman Deal Signal — The Hormuz Framework That Has Been Missing
Reports that Iran is ready to strike a deal with Oman to reopen the Strait of Hormuz introduce a new diplomatic architecture to the six-month conflict's resolution framework. Prior ceasefire signals — Trump's WWII-scale canceled strike disclosure, Monday's deal-imminent language, the Iran-Jordan ballistic missile exchange that followed — have all been bilateral US-Iran frameworks that lacked a credible third-party guarantor. Oman's involvement as an intermediary is structurally different: Oman has maintained diplomatic relations with Iran throughout the conflict, has previously facilitated US-Iran back-channel communications on the nuclear issue, and has credibility with both Washington and Tehran that Saudi Arabia — which has been an active military participant in the conflict — does not possess.
An Iran-Oman deal framework specifically targeting Hormuz reopening addresses the most direct inflationary channel that has suppressed Bitcoin all summer. Hormuz carrying approximately 20% of global oil and gas supplies at 8 ships per day versus 110 pre-conflict is the single variable most directly responsible for oil above $80, fuel prices running 15.7% above year-ago levels, and the Federal Reserve's September rate hike probability remaining above 50%. A credible Oman-mediated Hormuz reopening deal would begin unwinding the oil risk premium that has been the macro chain trapping Bitcoin since May — the same chain Fidelity's Jurrien Timmer identified as the mechanism where oil up feeds inflation, inflation keeps yields and dollar firm, and firmer financial conditions cap risk assets.
BVIV at 35.59% — 2026's Lowest, the Floor That Historically Triggers Volatility
Bitcoin's BVIV falling to 35.59% — a 2026 year-to-date low — continues the pattern of implied volatility compression toward the historical floor that has preceded major directional moves throughout Bitcoin's post-ETF history. The BVIV has been declining steadily from the 60%+ peaks recorded during the February and early June selloffs — falling through 40% pre-FOMC, declining to 37% at July's close, and now reaching 35.59% as the weekend Iran-Oman deal reports reduced near-term geopolitical stress pricing.
The specific tension Adler's analysis identifies — put options still trading at a premium to calls despite BVIV at record lows — describes a market where the aggregate fear gauge is compressed but tail risk protection continues to be purchased. The $60,000 and $62,000 puts that have dominated Deribit volume throughout the current period and the 35.59% BVIV coexist because sophisticated traders are buying cheap puts against a backdrop of general complacency. When BVIV eventually bounces from this floor — as it has historically at 35-38% — the direction of that bounce determines Bitcoin's next significant move: upward BVIV with stable or rising price signals a genuine volatility expansion into a bull move; upward BVIV with falling price signals the breakdown through $62,873 that the $60,000 puts are hedging.
BTC Calls at $68,000 and $70,000 — Options Market Targets the STH Resistance Zone
The 24-hour Deribit volume ranking being dominated by BTC calls at $68,000 and $70,000 — with Ether options showing a similar upside-biased profile — is the options market's most direct expression of where participants expect prices to go if the Hormuz deal materializes. The $68,000 level aligns precisely with the CryptoQuant STH realized price at $67,523 and the Bitfinex STH cost basis at $68,500 — the zone where 279 of 284 prior closing attempts have been rejected. The $70,000 level is the lower bound of the Deribit $70,000-$72,000 bull call spread cluster that held $5 billion in open interest before the July 31 expiry.
Options traders buying $68,000 and $70,000 calls are positioning for a scenario where the Iran-Oman deal reduces oil below $80, September rate hike odds compress from the current level, the STH resistance zone at $67,523-$68,500 is cleared, and Bitcoin enters the air pocket that Bitfinex identified as the zone of minimal resistance between $68,500 and $84,000. The simultaneous premium on put options reflects the same traders hedging the scenario where the Hormuz deal fails — as every prior ceasefire signal has ultimately done — and Bitcoin returns to test the 200-week SMA at $62,873.
Derivatives Snapshot — Bullish Lean on Low Volume
BTC futures open interest slipping back below 750,000 BTC despite the bullish long-short ratio confirms the exhaustion framework: the market is leaning bullish on limited conviction rather than building leveraged positions into a directional move. Positive annualized funding rates and positive 24-hour OI-adjusted CVD confirm that the reduced interest that is active in the market is expressing a bullish bias — longs are more aggressive than shorts — but the absence of OI growth means this bias is not being backed by capital deployment.
ETH futures open interest falling to 13.35 million tokens — the lowest since May 3 and a significant drop from the late-May peak of 15.98 million — describes continued de-risking in Ether despite ETH's 0.86% session gain and the $2,000 call dominance in options volume. The divergence between ETH spot outperformance and ETH futures de-risking suggests that the ETH gains are being driven by spot buyers rather than leveraged futures positioning — consistent with Bitmine's 10,000+ ETH weekly accumulation and ETH ETF inflows rather than retail speculation.
SOL futures rebounding to 64.60 million tokens from the recent 60 million low — alongside SOL recovering from nearly $70 to over $76 and breaking above the Ichimoku cloud — is the week's most technically significant altcoin derivatives signal. A break above the Ichimoku cloud is a widely tracked momentum confirmation indicator. Combined with rising OI, it suggests fresh capital is entering SOL rather than existing shorts covering.
Monero's 5% Surge — 28% Funding Rate, Most Positive CVD Among Majors
Monero's 5% 24-hour gain — briefly topping $400 for the first time since June 12 — with futures open interest jumping 6% and annualized funding rates at 28%, the highest among major cryptocurrencies, describes the most aggressively bullish derivatives positioning in the current market. A 28% annualized funding rate means longs are paying 28% per year to maintain their positions — the cost bulls are willing to pay to hold leveraged Monero exposure. The most positive OI-adjusted CVD among majors confirms that buyers are executing through market orders rather than passive limit orders — the signature of conviction-driven directional positioning rather than passive accumulation.
Token Performance — WLD +13%, PUMP +5.4%, ENA +4.84%, Altcoin Season 37/100
Worldcoin's 13% 24-hour gain stands as the session's largest altcoin move despite the token remaining 91% below its record high set one year ago — a reminder that percentage gains from extreme lows can be dramatic without constituting recovery. PUMP's 5.39% extension pushed its market cap above $1.1 billion. ENA's 4.84% gain to $0.0907 continues a steady two-week recovery that still leaves it more than 90% below its all-time high. NEAR's 3.79% gain alongside FET's 2.10% recovery reflects the AI token sector's broader rebound after weeks of underperformance driven by the AI trade repricing from the China DUV breakthrough. LIT's 0.94% decline continues its post-July-peak correction from the 200%+ May-to-July rally.
The Altcoin Season indicator's decline from 51/100 last week to 37/100 — moving further below neutral — reflects the rotation back toward Bitcoin as the Hormuz deal narrative concentrates investor focus on whether Bitcoin can drive into the $68,000-$72,000 range rather than spreading attention across altcoins. A reading of 37/100 is meaningfully below the 55/100 peak seen during July's DeFi-led sessions and describes a market where altcoin breadth is deteriorating rather than broadening — consistent with the narrative that altcoin outperformance requires Bitcoin to first establish itself above $68,500 before capital rotation follows.

US stocks closed modestly lower on Monday as doubts grew over whether the US and Iran can reach a lasting near-term resolution, according to Sina Finance. The Dow fell 60.949 points, or 0.11%, to 53,975.98; the Nasdaq dropped 85.258 points, or 0.32%, to 26,605.35; and the S&P 500 slipped 4.53 points, or 0.06%, to 7,753.11. Intel was among the day's biggest drags, falling 4% after the company said it would issue $15 billion in common stock. Other decliners included Nvidia and Apple, down 2.9% and 1.5% respectively. Iran said it was close to a deal with Oman to reopen the Strait of Hormuz, but Tehran maintained it would not hold direct talks with the US until certain conditions are met. According to Tasnim, a semi-official news agency linked to the Islamic Revolutionary Guard Corps, Iranian Foreign Minister Araghchi said Sunday that restarting talks would be "impossible" as long as the US continues to violate a memorandum of understanding signed in June and fails to compensate for its "violations." Oil prices rose Monday on market uncertainty. US West Texas Intermediate crude futures closed up about 5.1% at $82.13 a barrel, with crude inventories in the US Strategic Petroleum Reserve falling to their lowest level since January 1983. The international benchmark, Brent crude futures, settled 5% higher at $87.72 a barrel. Last week, Treasury Secretary Scott Bessent strongly hinted in an interview that a deal was near. But President Trump told Axios on Sunday that the US and Iran were "only half negotiating," saying he wanted the Middle Eastern country to feel economic pressure. "Everyone is tired of the back and forth," said Zachary Hill, head of portfolio management at Horizon Investments. "But every time tensions in the Middle East flare up, they are smaller in scale than what we've seen before, so I think that partly explains today," he added, especially against a backdrop where "earnings-season fundamentals are so strong." The three major US indices had just come off their best week since April, with the S&P 500 closing at a record high last week. Stocks got a boost last Friday after the July nonfarm payrolls report showed an unexpected contraction in jobs, raising investor hopes that the Federal Reserve would hold off on further tightening. According to the CME FedWatch tool, fed funds futures traders now put the probability of a September rate move at about 52%, down from 67% a week earlier.

European shares closed at a record high, with trading broadly subdued. According to Sina Finance, energy stocks rose with oil prices, while rate-sensitive utilities and real estate shares fell, and the benchmark STOXX Europe 600 finished little changed.
Technology stocks also performed well, helped by gains in some semiconductor-related shares, while media stocks lagged. Brent crude climbed above $86 a barrel because an agreement on opening the Strait of Hormuz had still not been reached, putting pressure on government bonds and rate-sensitive sectors.
Imperial Brands fell 4.6% after Bloomberg reported that the cigarette maker was preparing to cut thousands of jobs in major markets as part of a broad cost-cutting plan. According to Sina Finance, European benchmark equities have returned to record highs as the second-quarter earnings season has beaten expectations, and Bloomberg industry research showed that profits for MSCI Europe index constituents rose 17% year on year, the biggest increase since late 2022.
Major companies due to report this week include A.P. Moller-Maersk, E.On SE and ABN Amro. Ulrich Urbahn, head of multi-asset strategy and research at Berenberg, said corporate earnings have outperformed most expectations given geopolitical turmoil, tariff uncertainty and initially high market consensus, and added that macro data, especially bonds' reaction to U.S. inflation data, should matter more this week than broad earnings beats. U.S. inflation data is due on Wednesday, and a Bloomberg survey of analysts showed that euro-area growth is expected to accelerate after the economy displayed surprising resilience to the shock from the Iran war.

Strategy CEO Phong Le said Bitcoin fell 4% in the week the company sold $2 million worth of Bitcoin, then dropped 11% the following week. According to Odaily, he said Bitcoin rose 6% in the week Strategy sold $216 million worth of Bitcoin a month later. He added that Strategy’s Bitcoin sales did not affect the market.

South Korea's Supreme Court has proposed an amendment to its Civil Execution Rules to establish a standardized procedure allowing creditors to freeze, identify, and liquidate debtors' virtual assets. According to Odaily, courts could require exchanges to disclose the type and amount of crypto assets held by a debtor within seven days of receiving an order and freeze the corresponding assets. The proposal’s public comment period ends on August 11, and it is expected to take effect on October 1. After assets are identified and frozen, the court could assign them to creditors or order liquidation, with virtual asset service providers carrying out the sale.

According to Jin10, at the 2:30 a.m. close, the main Shanghai gold contract rose 0.66% to 950 yuan per gram, the main Shanghai silver contract rose 1.89% to 15,884 yuan per kilogram, and the main SC crude oil contract rose 4.06% to 554 yuan per barrel.

Meta will face a jury-selection hearing on August 12 in federal court in Oakland, California, in a lawsuit brought by California, Colorado, Kentucky and New Jersey that accuses its social media platforms of addictive design that harmed minors, according to Jiemian News. The states are seeking up to $1.4 trillion in damages.
The complaint says Meta knew Facebook and Instagram’s algorithms could harm teenagers but hid internal research from the public and regulators. It also alleges Meta failed to enforce age verification, allowed children under 13 to use the platforms without parental consent, and unlawfully collected minors’ personal data in violation of the Children’s Online Privacy Protection Act.
The filing says Meta chief executive Mark Zuckerberg is among the key witnesses the prosecution plans to call. Meta said the damages claim has no evidentiary support and called the calculation legally and factually baseless. Jiemian News also reported that Meta was ordered last week by a New Mexico state court to pay an additional $567 million and change teen-facing features on its platforms, after an earlier $375 million civil penalty in the same case, bringing the total above $900 million.

BlackRock Canada launched two exchange-traded funds on Monday: the iShares Equity + Bitcoin ETF Portfolio (IBQT) and the iShares Core MSCI All-International Equity Index ETF (XINT). According to Odaily, both funds began trading on the Toronto Stock Exchange.
IBQT allocates 97% of its assets to stocks in Canada, the U.S., international markets and emerging markets, with 3% allocated to Bitcoin. It gains Bitcoin exposure through BlackRock's Canadian iShares Bitcoin ETF (IBIT) and mainly holds other iShares ETFs rather than individual stocks. XINT tracks the MSCI ACWI ex North America IMI Index and covers more than 5,000 companies across more than 40 developed and emerging markets outside Canada and the U.S.
BlackRock Asset Management Canada manages both funds through the RBC iShares alliance.

Ethereum staking has reached a record high, with about 41.7 million ETH now staked, equal to roughly one-third of total supply. According to ChainCatcher, ETH staking has continued to rise even as the token has fallen from about $3,400 in January to around $1,900.
Market analysis cited in the article said staking rewards continue to accrue, allowing validators to earn returns and redeploy part of those rewards back into staking, which has helped expand the amount of staked ETH further. The article said the higher staking ratio indicates growing confidence among long-term holders and institutions in Ethereum's network security and future ecosystem development, while also noting that a larger amount of ETH locked in staking could affect market liquidity.

Coinsbuy said all affected users have been fully compensated from the platform's own reserves after a previous attack. According to Foresight News, the platform has resumed normal operations and all services are now available.
Coinsbuy also offered a $100,000 reward for information on the attacker and said it will provide additional rewards for help recovering stolen funds. According to Foresight News, on-chain analyst Specter previously reported that Coinsbuy-linked wallets were hacked on Ethereum and TRON, with losses exceeding $7.9 million, and that the attacker later laundered the funds into XMR through exchanges.

Keel Infrastructure Corp., formerly Bitfarms, said in its second-quarter earnings report that it has shut down all U.S. Bitcoin mining operations and is preparing to convert the sites into AI and high-performance computing data centers. According to Odaily, the company sold 1,085 BTC between April 1 and August 7 for $75 million and still holds 1,861 BTC. Keel CEO said power supply is the limiting factor, while three priority sites are close to receiving all permits and several potential tenants are in talks. The company also said it has $819 million in liquid assets and unused 2027 power capacity.

According to Sina Finance, Pepperstone research head Chris Weston said gold has returned firmly to traders' attention. He said gold and silver have risen after breaking out of a consolidation range that lasted from late June to August 3, and gold is now testing $4,400 an ounce. Weston said the breakout above July's high came with decisive buying pressure, and the subsequent momentum showed bulls were in control. Client activity has also increased, with positioning tilted toward the long side. He added that 60% of all open gold positions are currently long.

According to Jin10, South Korea's KOSPI Index opened down 76.93 points, or 1.22%, at 6,222.73 on Tuesday, with SK Hynix falling 2.8% and Samsung Electronics falling 0.7%.

SK Hynix labor and management remain deadlocked over a plan to pay performance bonuses in company stock, and some employees are pushing to establish a new unified union. According to Odaily, a preparatory group for the unified union has formed, and the related community has attracted about 4,000 employees, or 11.6% of the company’s total workforce.
Market participants said that if the dispute spreads to production lines, it could add uncertainty to SK Hynix’s HBM capacity expansion in the second half of the year. The company began mass producing and shipping HBM4 in the second quarter and plans to increase output further in the second half. Production has not been affected so far, but an escalation at manufacturing sites could pressure supply plans for major customers such as Nvidia.

According to Jin10, Barrick Mining fell 8% after the company’s second-quarter profit missed expectations.

According to CNBC, Trump Media & Technology Group reported a net loss of more than $238 million in its fiscal second quarter on revenue of less than $2 million. The company said the loss was driven mainly by declines in non-cash assets, including more than $190 million in losses from digital assets, digital assets pledged and equity securities. Revenue came in at $1.7 million, mostly from ad services on Truth Social, up 89% from a year earlier, while operating expenses topped $165 million, about 275% higher year over year. Chief Financial Officer Phillip Juhan said operating expenses were largely affected by volatility in digital asset prices. Trump Media also said it has signed more than 10 customer agreements for its Truth API service, mainly with high-frequency trading firms paying $60,000 to $100,000 a month.

A BRENTOIL short position at one address was fully liquidated, resulting in a loss of $1.33 million. According to Odaily, the liquidation occurred as oil prices rose.

WTI crude rose 5.00% intraday to $80.17 per barrel, while Brent crude gained 5.00% to $85.58 per barrel. According to Odaily, Iran’s Foreign Ministry reiterated that the U.S. maritime blockade against Iran is an act of aggression.

According to CNBC, the U.S. Strategic Petroleum Reserve fell to 298.7 million barrels last week, its lowest level since 1983, as global oil stockpiles come under pressure because of the Iran war. The Department of Energy released the data.

Gold prices tested the $4,380 level after stronger-than-expected U.S. nonfarm payroll data. According to ChainCatcher, bears still have not lost their final chance as the market watches whether the price can hold above the key level.

Sui said on X that Seal supports an oversight mechanism without a master key. According to Odaily, auditors can receive limited-scope, time-bound, and revocable authorization. Prudential regulators can view all information, tax authorities can view information for one member, and dispute arbitrators can view disputed transactions only while the transaction remains open. These institutions cannot transfer funds.

According to Jin10, SPDR Gold Trust holdings increased by 3.423 tons from the previous day to 1,020.96 tons.

According to RTHK, Asia-Pacific markets opened mixed this morning: Tokyo was shut for a holiday, Seoul opened lower, Hong Kong edged up while Taiwan and mainland China stocks turned soft in early trade.
Tokyo markets were closed Tuesday for the Mountain Day holiday. In the prior session, the Nikkei 225 closed at 66,970.22, up 1,363.51 points, or 2.08 percent, reclaiming the 66,000 mark.
Seoul equities fell in early trade, with the KOSPI at about 6,217, down 81 points, or 1.3 percent.
Hong Kong stocks opened pushing toward the 26,000 level, with the Hang Seng Index at 25,998 in the auction, up 61 points or 0.24 percent, and the Hang Seng Tech Index at 4,932, up 13 points or 0.27 percent. In US trading, Hong Kong ADRs were mixed, with Alibaba up over 2 percent; Hang Seng Indexes also issued a consultation proposing to raise the Hang Seng Tech constituents to 50.
Taiwan stocks fell after the open, with the Taiwan Weighted Index slipping to 44,667, down 261 points, or 0.58 percent.
In mainland China, A-shares eased in early trade. The Shanghai Composite eased 20 points, or about 0.51 percent, to 3,946; the Shenzhen Component fell 79 points, or 0.55 percent, to 14,237; and the ChiNext eased 4 points, or 0.12 percent, to 3,532. The People's Bank of China did not conduct reverse repo operations this morning, seeing a net drain of 46.5 billion yuan; the yuan mid-rate eased to 6.79 per dollar.

Most popular Chinese ADRs mostly rose on August 11, and the Nasdaq Golden Dragon China Index (HXC) closed up 1.65%. According to Sina Finance, among the gainers by market value, Alibaba rose 3.04%, PDD rose 1.35%, NetEase rose 0.90%, ASE Technology rose 0.53%, United Microelectronics rose 0.37%, JD.com rose 1.52%, Trip.com rose 2.12%, KE Holdings rose 3.58%, ZTO Express rose 1.40%, Tencent Music rose 3.88%, Huazhu Hotels rose 1.51%, Nio rose 1.69%, Full Truck Alliance rose 0.73%, and New Oriental rose 2.87%.
Among the decliners by market value, TSMC fell 0.37%, Baidu fell 0.19%, Chunghwa Telecom fell 0.42%, Futu Holdings fell 0.29%, Li Auto fell 0.85%, Xpeng fell 1.07%, Silergy fell 9.96%, Vipshop fell 1.72%, and GDS Holdings fell 1.78%.

According to CNBC, MarineMax agreed to be sold to Blackstone Infrastructure's Safe Harbor Marinas for $53 a share in cash, or $1.5 billion, sending the boat and yacht retailer up 46%. The deal is expected to close by the end of 2026. Varex Imaging climbed 48% after Teledyne Technologies agreed to buy the imaging component maker for $18.90 a share in cash, with that transaction expected to close in early 2027. Teledyne rose a fraction. Other midday movers included NetApp, which gained 6% after Morgan Stanley raised the stock to equal weight from underweight, and Intel, which fell nearly 3% after announcing plans to sell $15 billion in common stock. Berkshire Hathaway rose almost 2% after reporting 16% growth in operating earnings for the second quarter, while Monday.com dropped more than 6% after issuing current-quarter revenue guidance of $368 million to $370 million, below the FactSet consensus of $372.8 million.

According to Jin10, U.S. crude futures settled at $82.13 per barrel, up $3.95, or 5.05%.

According to Jin10, Zhaojin International Gold said its shares fell into abnormal trading after closing-price gains deviated by more than 20% over three consecutive trading days on August 6, 2026, August 7, 2026, and August 10, 2026. The company said gold prices are influenced by market supply and demand, the global macroeconomic situation and expectations, and monetary policy, and that the prices of its alloy gold and gold concentrate products are highly affected by gold price fluctuations, so sharp future swings in gold prices could have a significant impact on operating performance.

According to CNBC, Trivector Research said investors may find diversification opportunities in so-called non-tech compounders as market volatility and crowded artificial intelligence trades persist. Founder Adam Parker said such stocks could play a role in portfolios if AI leadership broadens or volatility rises. The firm screened the 1,000 largest non-technology companies by market value and selected names with top-tier free cash flow margins, strong price momentum, and expanding gross margins.
The basket includes companies across health care, consumer staples, industrials and consumer discretionary sectors. Eli Lilly, the largest company by market value on the list, reported second-quarter revenue of $23 billion, up 48% from a year earlier, and raised its full-year outlook after gains in Mounjaro and Zepbound sales. In July, Eli Lilly agreed to acquire AtaiBeckley, and it recently partnered with CVS Health to expand access to GLP-1 medications.
Parker-Hannifin also made the cut after posting record fiscal fourth-quarter sales of $5.8 billion, up 9.8%, with organic sales up 8%. The company completed its purchase of Curtis Instruments, announced two pending deals and lifted its annual dividend by 11%, marking 70 consecutive years of increases. Tapestry was included after fiscal third-quarter revenue rose 21% from a year earlier, with Coach sales up 31%, and the company raised its full-year outlook. Tapestry is scheduled to report fiscal 2026 fourth-quarter and year-end results on Thursday.

According to Yonhap, South Korea's trade ministry met with other ministries and companies on Tuesday to discuss the impact of the latest U.S. tariffs on polysilicon and possible countermeasures. Officials from the Ministry of Climate, Energy and Environment, Samsung Electronics Co., OCI Company Ltd. and other related companies attended the meeting, which was chaired by Deputy Minister for Trade Park Jung-sung. The ministry said the participants reviewed steps to limit the effect of Washington's new trade measure, including its impact on Korean companies' exports and the supply chains of Korean firms operating in the United States. Park said the government will make every effort to provide timely and targeted support for local businesses. The meeting came after U.S. President Donald Trump signed a proclamation last week imposing a 15 percent tariff on polysilicon derivative products, set to take effect at 12:01 a.m. on Dec. 4 (U.S. time), under Section 232 of the Trade Expansion Act of 1962.

According to Sina Finance, citing Bloomberg, Masoud Suleman, chairman of the National Oil Corporation of Libya, said a drone hit a fuel tank at the Zawiya refinery. The strike triggered a fire, and the tank collapsed because of the heat.
Workers are cooling other tanks to prevent them from catching fire. The fire zone has been declared an emergency area.
The National Oil Corporation of Libya said in a statement that the collapsed tank contained nearly 4.5 million liters of vehicle fuel. It said the incident poses a threat to oil facilities in the area.

According to CNBC, Exxon Mobil, Chevron, BP, Shell and TotalEnergies generated $48 billion in profit in the April to June period and nearly $90 billion in cash generation, an all-time high, as higher fossil fuel prices lifted results during hostilities between the U.S. and Iran. The five supermajors are weighing whether to return more cash to shareholders, reduce debt, or invest for the future, even as environmental campaigners and U.S. President Donald Trump intensify calls for a windfall tax and lower fuel prices.
IEEFA energy finance analyst Clark Williams-Derry said the companies did not use the cash to increase drilling and instead appeared to have focused on building cash reserves and paying down debt, with the supermajors' cash balances rising by a little over $17 billion quarter on quarter. BP CEO Meg O'Neill said the company was focusing on operational reliability and refining flexibility during the Middle East conflict, while Shell CEO Wael Sawan said volatility was the new normal and that higher commodity prices had provided a strong tailwind for results. Russ Mould, investment director at AJ Bell, said oil majors are using bumper profits for mergers and acquisitions, maintenance capex, new projects, debt reduction, dividends and buybacks, but noted that investment in new oil and gas fields remains restrained.

The dollar rose alongside oil prices, while an agreement between Iran and Oman has still not been reached. According to Sina Finance, the yen gave back half of the gains sparked by recent intervention and ranked last among the Group of Ten currencies on Monday.
The Bloomberg dollar spot index rose 0.2%, and Treasury yields also increased. Traders are watching the U.S. July inflation report due on Wednesday, while the market currently sees about a 50% chance of a Federal Reserve rate hike in September.
Citigroup strategists Daniel Tobon, Brian Levine and Osamu Takashima wrote that, although they have become more neutral on the dollar forecast, risks still lean toward dollar strength before the data release because markets are pricing in the risk of a more hawkish Fed. They said they expect that pattern to continue until the U.S. CPI release.
The dollar briefly rose 0.9% against the yen to 159.19. Jane Foley, head of foreign exchange strategy at Rabobank, said the market has started to lose confidence that the dollar-yen downtrend can continue.
Maximillian Lin, a strategist at Canadian Imperial Bank of Commerce, said the pair is still being driven by external factors such as higher oil prices. He added that the underlying problem of low Japanese government bond yields has not been resolved, and said he still expects dollar-yen to move back above 160 in August.
A summary of the Bank of Japan's July meeting minutes said upside inflation risks are rising, with one member noting that the pace of rate hikes could accelerate.
The Australian dollar fell 0.1% to 0.7058, while the Reserve Bank of Australia is set to keep rates unchanged for a second straight meeting on Tuesday. The euro slipped 0.1% to 1.1543, and the pound rose 0.1% to 1.3508.

According to Jin10, Iraq's State Oil Marketing Organization (SOMO) said Iraq set the official selling price for September Basrah Medium crude to Asia at a $4 per barrel discount to the Oman/Dubai average.

Iran's oil export terminals have appeared largely idle so far this month. According to Sina Finance, the United States has continued its blockade in an effort to pressure Iran into reaching a peace agreement.
On six images taken by the European Union's Sentinel satellites during the first nine days of August, no very large crude carriers were seen at Iran's main oil export terminal on Kharg Island. During that period, only two smaller vessels appeared at the berths of the Jask and Soroush oil facilities.
Terminal activity has declined sharply from last month. According to satellite images and data from Kpler Ltd. and Vortexa, seven to 10 very large crude carriers docked at Kharg Island in July, and six additional smaller vessels were observed at the three terminals in Kharg Island, Jask, and Soroush.
Crude loading activity was concentrated mainly in the first half of July. At that time, Washington and Tehran reached a ceasefire agreement, and the United States temporarily lifted the blockade.
U.S. President Donald Trump said over the weekend that severe inflation and economic hardship would be enough to force Tehran to concede, making further military action unnecessary. According to Sina Finance, U.S. Central Command said on Sunday in a post on X that 55 commercial vessels had been forced to reroute during the enforcement of the embargo.

According to Jin10, Hong Kong gold stocks opened higher but turned lower, with Lingbao Gold (03330.HK) falling more than 4%, Zijin Mining (02899.HK) falling more than 3%, and Zhaojin Mining (01818.HK) and Chifeng Gold (06693.HK) also declining.

Solana Meme coin TOAD briefly pushed its market value above $24.5 million before trading at about $22.16 million. According to Odaily, the token was up more than 100% on the day.

According to Jin10, Hong Kong stocks opened higher, with the Hang Seng Index up 0.24% and the Hang Seng Tech Index up 0.27%, while several gold shares rose at the open, including Zijin Gold International (02259.HK), which gained 3.13%, and Chifeng Gold (06693.HK), which rose 2.55%.

According to Jin10, Iraq's State Organization for Marketing of Oil (SOMO) set the official selling price of Basra medium crude for North and South America in September at a premium of $5.10 per barrel over Argus sour crude.

Sui said on X that institutions will not choose to settle on infrastructure where competitors can see pricing and trading volume. According to Odaily, public transaction amounts on most blockchains have long been an obstacle to real commercial settlement. Mysten has launched a new prototype designed to address amount privacy, and the prototype is built on Seal MPC and confidential transfers.