US initial jobless claims four-week moving average for week ending July 11: 214,250; prior value revised from 218,750 to 219,000.

Kuwait's defense ministry spokesman said Kuwaiti armed forces have intercepted 32 hostile drones that entered the country's airspace since early today; several facilities were damaged but there were no casualties.

Former Israeli ambassador Alon Pinkas said U.S. Vice President J.D. Vance’s public charge that Israel is undermining U.S.-Iran negotiations is unprecedented, reflecting a clear policy rift between Washington and Jerusalem over Iran. In the House, 103 of 212 Democrats voted to cancel the $3.3bn annual U.S. aid package to Israel; one Republican joined, signalling a marked Democratic shift on Israel aid. Reportedly, President Trump told Prime Minister Netanyahu last week Israeli forces should withdraw from Lebanon and Syria; Israel’s defence minister publicly rejected a withdrawal. White House response is pending.