Norway's energy minister said Europe should focus on rebuilding its baseload power capacity.

Bank strategist Ipek Ozkardeskaya said US Treasury bond purchases to suppress yields may prevent markets from fully pricing inflation and fiscal risk and could blunt market reactions to Federal Reserve policy. That, she warned, may make it harder for the Fed to pull inflation back toward its 2% target — an outcome Fed chair Kevin Warsh would want to avoid. Ozkardeskaya added this week's Jackson Hole meeting could clarify how the Fed will fit into government policy plans.

Fars news agency, citing platform Superbro, reported a container ship linked to Iran successfully crossed a US blockade line in the Strait of Hormuz and entered Iranian waters.