Baidu (BIDU.O) U.S. premarket trade down 7.5%.

The Baltic Dry Index (BDI) rose for a second session, up 15 points (0.52%) to 2,878 as gains in Capesize freight outweighed weakness in Panamax rates. The Capesize index (BCI) climbed 52 points (1.2%) to 4,590; Capesize daily earnings rose $470 to $38,122. The Panamax index (BPI) fell 22 points (1%) to 2,206, its lowest since Aug. 4; Panamax daily earnings dropped $202 to $19,853. Supramax (BSI) added 6 points (0.4%) to 1,628, a high since July 28. Handysize (BHSI) slipped 2 points to 864.

President Trump on Monday threatened to bomb Oman if Oman “blocks” a US-Iran peace deal. Oman, a US partner that has remained neutral in US‑Iran hostilities, controls waters that include parts of the Strait of Hormuz and has been targeted in Iranian attacks Tehran frames as retaliatory strikes. Analysts say a formal Iran‑Oman agreement could conflict with a core US demand — that Iran surrender control of the strait as a condition for ending the war — and could instead formalize and legitimize Iranian influence over transit. US anger at being excluded from any agreement is also cited as a driver of the threat. A key unresolved issue is whether Iran would be allowed to levy charges on vessels; international law generally bars transit fees in natural waterways that are not international waters, though states may charge for services such as insurance, environmental protection and port services. It is unclear whether talks would cover fees. Market implications include higher shipping insurance and oil-market risk premia and increased potential for US‑Iran naval confrontation in the Strait of Hormuz.