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Geopolitics

UN Security Council begins meeting on Strait of Hormuz; Tasnim reports that the final text has removed the phrase "all necessary means" due to opposition from Moscow and Beijing, and emphasizes defense coordination for escorting commercial ships

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Geopolitics

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

Geopolitics

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

U.S. Economy

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