🛢 Hedge funds are increasing their long positions in oil at the fastest pace in five months, signaling a bullish outlook for the market. For more details, visit BBG.

⚠️🇮🇷 The U.S. embassies across the Middle East have issued a travel warning, advising citizens against visiting the region. They recommend reassessing travel plans, exercising caution, and being prepared for flight cancellations and airspace closures, according to Fox News.

Earlier, WSJ reported that Trump had ordered strikes on Iran in the coming days, potentially starting this weekend. CBS News noted that the U.S. and Israel plan to target Iran's energy infrastructure. The IRGC has warned that such attacks would lead to widespread power outages in the region and strikes against U.S. allies' energy infrastructure.

⚠️🇮🇷 Trump has canceled "the most powerful" strike against Iran, stating that Tehran and Middle Eastern countries requested him not to proceed with the attack. He noted that key terms of an agreement with Iran have been preliminarily established, including complete access to the Strait of Hormuz and the elimination of nuclear threats. The strike will only be averted if a swift agreement can be reached. -- Truth Social

⚠️🛢 OPEC+ has reached a preliminary agreement to increase oil production by 188,000 barrels per day in September, according to RTRS. A meeting is scheduled for today.

🛢🇪🇺 Gas injection into European storage facilities in July reached its lowest level in six years, with reserves nearing a historic low, according to TASS reports.

⚠️🇺🇸🇷🇺 The US Senate is expected to approve the "hellish sanctions" bill against Russia in a final procedural vote next week. Following this, the bill will go to the House of Representatives, which will review it after returning from recess in September. Concerns regarding the extensive powers granted to Trump over tariffs may lead the House to block the legislation, as previously reported by RTRS and Politico.

⚠️🇮🇷 Iran's Foreign Minister Zarif confirmed Trump's statements about an agreement over Hormuz, leading Trump to cancel what he called the "most powerful" strike against Iran, according to Channel 12. However, FARS, linked to the IRGC, denied any agreement shortly after. Iran is divided between those favoring a secular state and those wanting to maintain the current regime. Tensions persist, with conflicting statements from Iranian officials and ongoing negotiations with the U.S., creating a chaotic and uncertain environment.

🚀 Michael Saylor announced that Strategy plans to remain a net buyer of BTC.

🌍 Key events for this week include ongoing corporate earnings seasons in the US, Europe, and Russia.

On Monday, August 3, Canada observes Civic Holiday with no trading. Key data releases include Manufacturing PMI figures from several countries, including Japan, China, India, and the US.

Tuesday features the US trade balance and job openings.

Wednesday highlights include Australia's Services PMI and US ADP Employment data.

Thursday focuses on US jobless claims, while Friday presents China’s trade data and US Non-Farm Payrolls.

🚀 Michael Saylor has dismissed recent rumors that Strategy plans to sell an additional $5 billion in BTC, stating that these are old news based on a company strategy approved a month ago. He emphasized that there is currently no need for the company to make urgent sales. Saylor reaffirmed the company's commitment to remain a net buyer of BTC in the market.

🇪🇺🇮🇷 European countries, including Ukraine, have assured Tehran that they will not fight alongside the United States, according to Iran's Foreign Ministry. This statement comes amid reports from Politico about Kyiv's plans to assist the U.S. and Gulf nations with interceptor drones.

🪂 In St. Petersburg, on Airborne Forces Day, a man jumped from a high-rise building using a parachute. This unusual stunt caught the attention of onlookers and was reported by Fontanka.

🚗 The longest highway in Africa, the Tiznit-Dakhla road, has been named after Donald Trump, as announced by King Mohammed VI of Morocco.

⚠️✴️ A series of three attacks targeting addresses generated by the Coldcard wallet has led to the compromise of 4,585 wallets. In total, 1,367.05 BTC has been stolen, according to an analysis by Galaxy Research.

🇺🇸 Trump Media has launched the Truth API, a subscription service that provides financial firms and banks with "the fastest access" to posts from Donald Trump and around 10 other influential accounts on Truth Social. This development was previously reported, with sources indicating that Trump is seeking $100,000 per month for the API service. For more information, visit here.

🏌️‍♂️ Former President Donald Trump held two tournaments at his golf club in New Jersey, declaring himself the winner of both events. After his victories, he awarded himself the championship trophy.

⚠️🇺🇸 The yield on 30-year U.S. Treasury bonds has reached 5.27%, marking the highest level since the global financial crisis of 2008. A yield of 5% or more is historically viewed as a "very scary psychological" threshold, affecting not only bonds but also riskier assets like stocks and cryptocurrencies.

💼 AstraZeneca and Bristol Myers have engaged in merger discussions. The deal could exceed $400 billion, according to a report from the Financial Times. For more details, visit the link here: — FT

⚠️🇺🇸 The US national debt has surged by $3.6 trillion over the past year, following former President Trump's signing of his "Big, Beautiful Bill" in July 2025, which raised the debt ceiling by $5 trillion. During his 2024 campaign, Trump emphasized reducing the national debt. However, the debt has continued to rise at unprecedented rates. Experts, including Rockefeller Capital Management's CEO and Ray Dalio, are sounding alarms about this rapid growth, with Dalio warning that the US is nearing a "point of no return" regarding its debt.

📬 Today’s Economic Calendar – August 3, 2026

Canada observes a holiday with no trading due to Civic Holiday. Key reports include Manufacturing PMI for Australia at 02:00 MSK, Japan at 03:30 MSK, China at 04:45 MSK, and India at 08:00 MSK. Russia's PMI is released at 09:00 MSK, followed by Switzerland's CPI at 09:30 MSK and Manufacturing PMI at 10:30 MSK. Germany, Eurozone, and the UK will also release their Manufacturing PMI through 11:30 MSK. In the US, S&P and ISM Manufacturing PMI will be released at 16:45 and 17:00 MSK respectively. Earnings reports include TGC-1, Loews at 13:00, Marriott at 14:00, Tyson Foods at 14:30, and more.

.