German Economy Ministry spokesman said gas storage is tighter than in previous years but there is no risk of gas shortages this winter.

Torsten Slok, chief economist at Apollo Global Management, said the Iran war and tariffs could lift US Treasury yields and that the pressure is largely unrelated to US fiscal fundamentals. He added markets appear less worried about US policymakers than about Japan and Germany. Global government borrowing costs are rising as investors demand greater compensation for longer-duration debt. Despite Treasury buybacks announced by BESSENT to curb long-end yields, US yields have resumed higher. Market pricing puts the probability of a Fed rate hike at the mid-September meeting at 69%. Slok said rising yields are already transmitting to housing and autos—both highly rate-sensitive—while they do not constrain AI investment.

Iran’s Chamber of Commerce customs committee chair said U.S. sanctions and an economic blockade cannot completely stop the country’s foreign trade, citing Iran’s geography, regional ties and multiple trade routes. He said authorities are removing domestic trade barriers to ease business, exploring alternative channels to keep trade flowing under rising sanction pressure, and implementing trade pacts involving the Eurasian Economic Union and Shanghai Cooperation Organization. He added that bilateral and regional currency and financial agreements with neighbors are being used to smooth trade, reduce reliance on intermediary currencies, ease liquidity frictions and support non-oil exports.