US President Trump said the US military's performance has been remarkable.

Politico reported Republican Senator James Lankford told President Zelenskiy in Kyiv he could not guarantee Congress would soon approve a new round of sanctions on Russia; Zelenskiy urged expedited consideration. Lankford said he is skeptical a Moscow-Kyiv deal is likely but called CIA Director John Ratcliffe’s recent secret visit to Russia potentially productive. The Senate earlier passed a bill drafted with the late Sen. Lindsey Graham that would impose 100% tariffs on the five largest buyers of Russian energy and 500% tariffs on all Russian goods exported to the US; the measure has been sent to the House, which is in recess until Aug. 31 and is not expected to consider it before September.

U.S. Q2 real GDP (annualized QoQ, revised), July durable goods orders (MoM), July personal spending (MoM) and core PCE price index (MoM, YoY) due in 10 minutes.