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France's final manufacturing PMI for July was 49.8, below the expected 50 and the previous reading of 50.

Regarding the possibility of a US-Iran agreement, Alan Ayr of the Middle East Institute stated, "I don't think it's certain that an agreement will be reached. But if it does, Oman and the GCC countries might agree to a symbolic fee for Iran to pass through the Strait of Hormuz, at least in the short term. As for the US, the Trump administration just wants to cut its losses and extricate itself, so it might agree." Ayr said that Trump would then say that Iran has pledged not to develop nuclear weapons, and then withdraw from the war to attend to other matters. The best, and most realistic, scenario is that, as part of an agreement between Iran and Oman and the GCC countries, Iran would at least gain administrative control of the Strait in the short term.

The final July manufacturing PMIs for France, Germany and the eurozone will be released in ten minutes.

The Swiss SVME Purchasing Managers' Index for July was 53.2, below the expected 55 and the previous reading of 54.3.

Iranian Foreign Ministry spokesman Bagaei: The issues between Iran and the United States should be resolved in a later stage.

Iranian Foreign Ministry spokesman Bagaei: An agreement with Oman on shipping routes is insufficient to reopen the Strait of Hormuz; the situation will remain unchanged as long as US "aggression" continues.