Foxconn says AI server outlook is strong.

Venezuela’s minister of foreign affairs and foreign trade, Plasencia, posted a government bulletin on social media on the 11th saying Venezuela and Israel have agreed to restore consular services and to set up a coordination mechanism to provide consular assistance to each other’s nationals when needed. Venezuela severed diplomatic relations with Israel on Jan. 14, 2009; then‑president Hugo Chávez expelled Israel’s ambassador the week before.

Commerzbank analysts Charlie Lay and Henry Hao say markets have repriced the odds of an agreement on the Strait of Hormuz, supporting Brent and WTI. Iran says the strait will remain closed until its conditions are met; mixed signals suggest talks are ongoing but a near-term deal to restore normal shipping appears unlikely. Security incidents remain elevated: a US Navy helicopter fired on a vessel attempting to breach a US blockade of Iranian ports, and separate merchant-vessel incidents were reported in the Gulf of Oman and off Yemen’s Red Sea coast. European diesel has surged after refinery disruptions elsewhere, tightening product markets. July’s energy-led drop helped ease headline inflation, but the recent oil rebound raises upside risk to US inflation in coming months.