隔夜美伊慣例放話對轟，狠話還是那些狠話，但底子已經不是那個底子。“狼來了”的理由已在上週消失，我們如何才能從這輪狠話中找到真正的有用信息？

State media reported Oman foreign minister Busaidi and Iranian foreign minister Araghchi held a phone call to discuss creating conditions to resume negotiations on the Strait of Hormuz. Both parties reiterated that continuing dialogue is important to support restoring freedom of navigation and to maintain regional security and stability.

Aug 21 — Huafu Securities appointed Guan Tao as chief economist. Guan has focused on macroeconomics, international finance, monetary and exchange-rate policy, and cross-border capital flows. He previously served at the State Administration of Foreign Exchange (SAFE) as director-general of the Balance of Payments Department and spokesperson, and led policy design for several rounds of FX-management reform; after moving to capital markets he was global chief economist at BOC Securities. Huafu said Guan will expand the firm’s research on international finance, FX and cross-border capital flows, strengthen its macro top-level framework, and link macro, strategy, industry and asset-class research.