Financial Times reported large tech firms booked more than $160 billion of unexpected valuation gains last quarter from equity investments in other AI companies, lifting pre-tax profits. Alphabet, Amazon, NVIDIA and Microsoft said the accounting line

According to Iranian media Fars News, the largest oil supply gap in history has emerged due to the blockade of the Strait of Hormuz, and US fuel prices are hitting new highs. US polls also indicate that the Republican Party may suffer defeat in the midterm elections. Against this backdrop, Trump's move to launch an oil project with Venezuela is intended to control market sentiment in the energy sector. He claims that the historic agreement with Venezuela will more than double US oil reserves and bring long-term and significant reductions in fuel prices for all Americans. However, the US-Venezuela oil contract will only generate 63 billion barrels of heavy crude oil over 100 years; This figure, converted to daily production, is less than half of Iran's current daily output and only 8% of crude oil exports under normal conditions of passage through the Strait of Hormuz.

Domestic News: 1. Wang Yi speaks with Nepalese Foreign Minister Shisir by phone. 2. my country achieves its first high-speed two-way laser communication between Earth and the Moon. 3. National Bureau of Data Science: Demand in the meta-based computing market is experiencing explosive growth. 4. As of the end of July, my country's total intelligent computing scale reached 2.45 million PFLOPS. 5. 35,000 new foreign-invested enterprises were established nationwide in the first half of the year, a year-on-year increase of 7.0%. 6. Nanjing Housing Provident Fund Management Center: Further expanding the scope of inter-city housing provident fund loans. 7. Changxin Memory responds to lawsuit against the US Department of Defense: Only researches and produces DRAM products for commercial and civilian use, not for military purposes. International News: 1. Ukraine claims Russia may be planning a new ground offensive against Kyiv. 2. Britain considers imposing a windfall profits tax on banks and oil companies. 3. The Russian government has extended the export ban on diesel producers until the end of September. 4. OpenAI announces termination of its partnership with Cursor after SpaceX acquired the company. 5. US Defense Secretary Hergsays reportedly considering a 2028 presidential run? Pentagon denies. 6. CFTC forfeits $172,000 from former White House teleprompter for illegally trading information from Trump's speeches. 7. Middle East situation— ① Iranian media: $7.5 billion in oil revenue has been transferred to the Central Bank of Iran. ② Iranian Foreign Minister: US government insiders manipulate the energy market for personal gain. ③ Iran says US military bases in the region are only for protecting Israel. ④ Iranian Deputy Foreign Minister says there is no rush to reopen the Strait of Hormuz.