Brent crude's intraday decline widened to 3.00%, trading at $87.67/bbl.

Jerusalem Post reports Israel's Defense Ministry is advancing a multi-year plan to develop offensive space capabilities, including satellite defense systems, expanded intelligence collection and improved communications.

Domestic News: 1. Wang Huning meets with US representatives at the third China-US Track 1.5 Dialogue. 2. Pinduoduo's Q2 financial report: Quarterly profit of 27.2 billion yuan, down 12% year-on-year. 3. Shanghai: Promoting high-performance computing chips, general-purpose processor chips, memory chips, interconnect chips, and smart sensors to reach international advanced levels. 4. The People's Bank of China: Will conduct overnight reverse repurchase operations from August 27 to September 1, with a daily operation volume not exceeding 600 billion yuan; will conduct 500 billion yuan of one-year MLF operations on August 25. International News: 1. The US plans to revoke up to 200,000 business and tourist visas. 2. US Vice President: Trade negotiations with Canada are still ongoing. 3. Thailand considers imposing tariffs on gold trading and imports to curb illicit capital flows. 4. Trump: Tariffs on Canadian automobiles, steel, and other products will be raised to 50% starting January 1 next year. 5. Overnight Market Update—US 10-year Treasury yields fell by approximately 3 basis points; storage-related stocks led the decline in US stocks; international crude oil fell 2%; gold rose 1%. 6. How will the US Treasury buyback program proceed? Bessant is reportedly targeting the nearly $1 trillion general treasury account. Bessant stated that the US Treasury buyback program has not yet started, and September 9th is the operational window. 7. Middle East Situation— ① The US Treasury Department announced an expansion of secondary sanctions, targeting entities and countries worldwide that still maintain business ties with Iran, issuing sanctions decisions related to digital assets, technology, gold, aviation, and shipping. The Treasury Department also imposed sanctions on nearly 60 entities, individuals, and vessels. ② US Treasury Secretary: Any entity laundering money for Iran will be removed from the dollar system. ③ Pakistani Army Chief of Staff Munir met with senior Iranian officials on Monday, pledging to continue diplomatic efforts. Sources said Munir spoke with Trump before his visit to Tehran. ④ Iranian Foreign Ministry: Has not yet received a formal invitation to join the Mecca Mutual Defense Agreement. ⑤ The Houthi rebels in Yemen claimed responsibility for attacking multiple targets, including a Saudi oil tanker. ⑥ The Iranian currency fell nearly 10% in two weeks, hitting a new low. The central bank governor stated that the depreciation was a "temporary phenomenon."