According to Fed and ECB schedules, at 21:00 Beijing time Fed chair Kevin Warsh will speak on a policy panel at the ECB-hosted Global Central Bank Forum alongside ECB president Lagarde, Bank of England governor Bailey and Bank of Canada governor Macklem. Market participants should watch for policy cues that could affect interest rates, liquidity and H2 asset pricing.

U.S. Trade Representative Greer said the U.S. will not extend the United States–Mexico–Canada Agreement and will review it annually.

A source familiar with the Doha talks said maritime transit and a Lebanon ceasefire are central to US-Iran negotiations. Qatar and Pakistan mediators are providing technical support to draft preliminary agreements for approval by both sides' decision-makers. Iran insists five key MOU terms must be implemented before it will negotiate other issues. The interim package reportedly includes commitments to end Israel’s campaign in Lebanon, enable return of displaced persons and restore Lebanese sovereignty; Iran says Israeli strikes and attempts to seize strategic sites in southern Lebanon are undermining the deal. Tehran is seeking release of its frozen assets and says funds must be transferred to Iran’s central bank for international purchases. On maritime issues Iran pledges safe passage through the Strait of Hormuz while reiterating that the waterway remains under Iranian and Omani sovereignty. Tehran also reaffirmed continued adherence to the NPT and cooperation with the IAEA.