Saudi media Alhadath cites senior sources saying Iran and Oman have reached a preliminary agreement to reopen the Strait of Hormuz; the deal could be announced within days, but requires approval from Iran’s National Security Council. The arrangement would run for 60 days and is intended to restore navigation.

World Gold Council said Europe led July’s gold-market recovery with $2.0bn of inflows; Asia added $616m and remains the largest contributor to year-to-date global ETF inflows.

Rapid advances in rival open‑source models this year have increased pressure on ByteDance. At a recent internal Seed team meeting founder Zhang Yiming urged a long‑term approach to model development, saying the firm will refuse distillation—not using others' outputs to chase temporary ranking gains—and should be willing to sacrifice some short‑term returns for long‑term goals. ByteDance has banned distillation of open‑source models internally and tightened controls, including API detection, to enforce the restriction; Zhang said distillation would interfere with genuine long‑term technical breakthroughs.