劍橋大學講師羅克珊·法曼法米安表示，儘管美國總統特朗普堅稱伊朗迫切希望達成協議，但伊朗認爲自己能夠在重新開放霍爾木茲海峽的談判中耗過美國。法曼法米安表示，有關伊朗領導層分裂的報道難以覈實，但有證據表明內部對進行談判有着強有力的支持。伊朗總統佩澤希齊揚在最近的講話中表示，國家安全委員會13名成員中有12人支持談判決定，超過了最高領袖穆傑塔巴·哈梅內伊所要求的人數。然而，她指出，伊朗議會議長卡利巴夫對談判陷入“反覆拉鋸”表示不滿——特朗普“提出問題，再否掉，然後提出來”，這種循環讓伊朗對凍結資產和海上封鎖等承諾遲遲未能兌現感到日益焦躁。伊朗並不像美國那樣感到時間緊迫，因爲特朗普面臨着來自美國中期選舉、油價和通貨膨脹的壓力——她形容這是一場“貓鼠遊戲”，看誰先沉不住氣。她總結道，伊朗的策略是通過與阿曼的會談展現誠意，並向華盛頓施壓，迫使其率先採取行動。

Bank of Japan July meeting minutes: one member said the central bank is now in a phase requiring attention to potential upside risks to inflation.

Economists and traders expect the Reserve Bank of Australia to keep the cash rate at 4.35% at Tuesday’s meeting — a second consecutive hold — while reiterating readiness to tighten further to combat persistent inflation. Markets will focus on the policy statement and updated quarterly forecasts for signals on whether the RBA has finished hiking after 75bp of moves this year or intends further tightening. Carl Ang, fixed income research at MFS Investment Management, says a hawkish pause is the base case but slow disinflation means additional tightening cannot be ruled out. Economists broadly expect an extended pause through the remainder of this year and most of next; Commonwealth Bank’s Belinda Allen expects the RBA to bring forward the forecast for inflation falling below 3% and to lift its unemployment projection.