*TRUMP SAYS IRAN PRIVATELY SEEKING TALKS

*TRUMP SAYS U.S. NAVY CONTROLS STRAIT OF HORMUZ

*TRUMP SAYS SANCTIONS STAY UNTIL IRAN DEAL

*TRUMP SAYS IRAN WILL NEVER HAVE NUCLEAR WEAPON

*TRUMP SAYS TALKS WITH IRAN ARE CONTINUING
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$GME - GAMESTOP SHARES EXTEND LOSSES, LAST DOWN 12.8%
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TRUMP EXPECTED TO ATTEND A ROUNDTABLE OF MINING EXECUTIVES ON FRIDAY AT U.S. STATE DEPARTMENT - SOURCES
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U.S. OFFICIALS SAY NO NEW IRAN TALKS PLANNED: CBS

U.S. officials told CBS News there are no new negotiations with Iran planned, despite President Trump's comments that talks would begin Monday.

Officials said discussions continue through mediators involving U.S. envoy Steve Witkoff and the Iranian team.

Meanwhile, Iran said it is not negotiating directly with the U.S., insisting current talks are with Oman and focus solely on shipping through the Strait of Hormuz.
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SAYLOR SAYS HE HAS NEVER SOLD ANY OF HIS PERSONALLY HELD BITCOIN

Michael Saylor said he has never sold a single satoshi of his personal Bitcoin holdings.

He clarified that Strategy ($MSTR ) is a public company—not his personal wallet—and may buy or sell Bitcoin as part of its capital management. Saylor added that the company's long-term conviction in Bitcoin remains unchanged.
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NASDAQ EXTENDS GAINS, LAST UP 2.1%
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VENEZUELA OIL EXPORTS HIT FIVE-MONTH LOW

Venezuela's crude exports fell 25% in July to 856,000 bpd, the lowest level in five months.

The decline was driven by weaker demand from India, where imports halved as Middle Eastern oil supplies recovered following a pause in the Iran conflict.

The U.S. and India remained Venezuela's largest buyers, while China has not imported Venezuelan crude since the removal of Nicolás Maduro from power earlier this year.
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IRAN SEES TRUMP FAVORING TALKS OVER ESCALATION

Iranian leaders reportedly believe President Trump is seeking leverage through military threats rather than a broader war.

According to sources, Tehran believes it can withstand pressure by using regional proxies and maintaining pressure on global shipping until Washington favors diplomacy.

The assessment comes despite Trump's warnings of military action, with Iran insisting no direct U.S. negotiations are currently planned.
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CITADEL WARNS FED MESSAGING IS HURTING CREDIBILITY

Citadel Securities said Fed Chair Kevin Warsh's policy framework is creating uncertainty by pledging to curb inflation without clearly explaining how.

The firm warned that relying on higher market yields to tighten financial conditions risks a negative feedback loop, where delayed rate hikes fuel higher inflation expectations and push long-term Treasury yields even higher.

Citadel said the recent selloff in Treasuries reflects growing doubts about the Fed's policy credibility.
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TRUMP: IRAN CONFLICT IS WORKING OUT VERY WELL
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META INVITED TO WHITE HOUSE TUESDAY TO DISCUSS AI SAFETY TESTING BY U.S. GOVERNMENT - COMPANY SPOKESPERSON
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TRUMP TELLS HEGSETH: YOU ARE DOING A FANTASTIC JOB
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*TRUMP: THIS IS THE LAST CHANCE FOR IRAN TO SIGN A DEAL
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*TRUMP: TALKING ABOUT HAVING STRAIT OPEN BY TOMORROW
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TRUMP: I'M NOT GOING TO LET IRAN CHARGE TO GO THROUGH HORMUZ STRAIT
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TRUMP: CHEVRON, EXXON MADE TOO MUCH MONEY
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WARSH'S FED STRATEGY COULD WEAKEN THE DOLLAR

Kevin Warsh's approach to monetary policy could hurt the U.S. dollar over time, according to Commerzbank.

Warsh suggested markets can tighten financial conditions through higher long-term bond yields, reducing the need for Fed rate hikes.

Commerzbank warns this risks damaging the Fed's credibility if inflation stays above target without decisive action.

If investors lose confidence in the Fed's commitment to fighting inflation, the dollar could come under pressure.

The DXY dollar index was last up 0.1% at 100.014.
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BRENT CRUDE FUTURES UP 3% TO $86.33/BBL ON US-IRAN WAR UNCERTAINTY
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IRAN WAR WIPES OUT 2.6B BARRELS OF OIL SUPPLY

Saudi Aramco CEO Amin Nasser said the Iran war has removed 2.6 billion barrels of crude from global supply.

Traffic through the Strait of Hormuz has fallen to just 10% of pre-war levels, with more than 100 million barrels of supply lost for every week the route remains closed.

Even if Hormuz reopened today, rebuilding global oil inventories could take up to 18 months.

Nasser also warned that any major refinery outages would further tighten energy markets, where refining capacity is already stretched.
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$AAPL: DZ Bank Downgrades to Hold from Buy - PT $310
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🇯🇵 JAPAN MAY NOT HAVE INTERVENED IN FX MARKET ON MONDAY, BANK OF JAPAN DATA SUGGESTS
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