U.S. official: The Strait of Hormuz is an international waterway; no party controls navigation or transit. Temporary shipping lanes will remain open and unobstructed.

Aug 6 — ByteDance CEO Liang Rubo told a mid‑year all‑hands the company is integrating Doubao, Feishu and Volcano Engine and shifting its AI strategy toward ToB productivity after AI development outpaced expectations. He said more than 90% of new Feishu customers concurrently purchase Feishu AI products. Liang set three strategic priorities—AI, information platforms and trading services—as the company’s core, and described Douyin as the main revenue 'backbone' for e‑commerce and local services while Doubao will be elevated to a similar 'backbone' role.

Fed Governor Cook said the Fed may ultimately not need to raise interest rates.