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Geopolitics

US War Secretary Hegseth says to review where the right place for basing is, when the Strait of Hormuz opens; prepared to resume strikes and blockade if Iran does not comply with MoU

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

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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