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Geopolitics

UK to host coalition talks on securing Strait of Hormuz, FT reports; Other countries including France, Netherlands and Gulf states have been involved in private discussions over what naval assets would be willing to provide to any potential coalition

News detail

Military escorts, mine-sweeping operations and other defences against possible attacks by Iran are all under consideration.

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U.S. Markets

Eli Lilly (LLY) Q2 2026 (USD): Adj. EPS 8.38 (exp. 6.01), Revenue 23bln (exp. 20.7bln)

LLYGeopolitics

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

U.S. Economy

US ADP Employment Change (Jul) 44K vs. Exp. 70K (Prev. 98K)