Brazil's finance minister said overcoming inequality requires confronting interest rate issues.

US initial jobless claims for the week to Aug 15 and the August Philadelphia Fed manufacturing index will be released in 10 minutes.

Two U.S. officials told Axios the U.S. military has quietly established a shipping lane through the Strait of Hormuz, moving roughly 10 million barrels per day into global energy markets. The operation has run for several weeks, with about 15–20 tankers using a southern route along Oman's coast. Officials said flows are roughly half of pre-war volumes; the U.S.-led action is easing a major war-related supply disruption that had driven crude sharply higher, and is already having a noticeable impact on global oil supply despite remaining below pre-war levels.