Iran parliament speaker Ghalibaf told the Parliament Coordination Council that Iran has won the war but must consolidate that victory. He urged expanding the Supreme Leader’s executive authority and capacity, saying any effort to build a stronger Iran must start from that point.

CFTC: Week to July 28, speculative traders increased net-short positions in natural gas across NYMEX and ICE by 5,281 contracts to 60,997 contracts.

An Israeli official told Channel 12 tensions with Iran have reached a peak and are on the brink of erupting; Israel has raised its alert level. The official said President Trump is “closer than ever” to ordering a major strike on Iran but has not decided on the scale or on whether Israel would join initial operations. White House options reportedly favor large, targeted strikes on Iranian energy facilities intended to weaken the regime; the official said such strikes could be executed quickly and would not necessarily trigger a global energy-price shock but would hit facilities with major domestic impact. It is unclear whether Trump will choose that option or keep a blockade in place until the midterm elections—the question is timing, not whether to act.