According to Interfax news agency, the Russian Ministry of Defense stated that Russian troops have taken control of another settlement in the Donetsk region of Ukraine.

According to RIA Novosti, the Russian Ministry of Defense stated that Russian troops have taken control of Novosoloshin in the Zaporizhzhia region of Ukraine.

BHP Billiton, the world's largest mining company by market capitalization, will release its full-year results before the Australian stock market opens on Tuesday. According to analyst forecasts compiled by Visible Alpha, BHP Billiton's underlying profit for the 12 months ending in June is expected to be US$12.66 billion, up from US$10.16 billion in the same period last year. Rising prices of major commodities such as copper, iron ore, and coking coal will boost the company's earnings. Copper growth will remain a key focus for the market as the mining giant seeks to increase its exposure to this industrial metal. BHP Billiton previously stated that copper became the largest contributor to the company's overall profit for the first time in the first half of fiscal year 2026. BHP Billiton plans to organize investor tours of its South Australian copper mine later this year, which the company considers a key area for future growth.

The Indian government has signed a contract with General Atomics Aeronautical Systems to provide aircraft systems for the Indian Navy.

The 60-day deadline for negotiations between the US and Iran to reach a final agreement expired on Monday, but neither side implemented the terms of the memorandum of understanding signed in Islamabad on June 18. Mohammad Mahdi Maleki, an expert on Iranian regional affairs, told The New Arab that the memorandum of understanding was initially seen as a potential diplomatic breakthrough, but it gradually crumbled after the US reimposed the blockade and sought to open new sea lanes. Maleki stated that the agreement originally planned to achieve a ceasefire in Iran and a wider region (including Lebanon), reopen the Strait of Hormuz for one month, return Iranian assets, and begin negotiations on sanctions. However, the US violated the clause allowing Iran and Oman to discuss shipping management in the Strait of Hormuz after 23 days. Iran closed the waterway again after the US guided ships through the "southern corridor" with tracking systems disabled. Subsequently, Iran set six conditions for any resumption of negotiations, including a permanent cessation of attacks on Iran and its regional allies, lifting of the maritime blockade and sanctions, withdrawal of US troops from the region surrounding Iran, reparations for the war imposed on Iran, and the unconditional unfreezing of frozen Iranian assets. The former secretary of the Supreme National Security Council stated earlier this month that the Strait of Hormuz would not reopen until Washington “corrects its behavior.” Maleki stated that given the continued escalation of US actions and excessive demands, the likelihood of a limited military escalation is currently higher than the possibility of a diplomatic breakthrough. He added that regional countries are continuing both public and behind-the-scenes efforts to revive the Islamabad Memorandum of Understanding, but the chances of success remain slim.

Baidu (09888.HK) will announce its second-quarter results on Tuesday. According to a FactSet survey of 11 analysts, Baidu's second-quarter net profit is expected to be RMB 2.82 billion, a significant decrease from RMB 7.32 billion in the same period last year; second-quarter revenue is expected to be RMB 31.34 billion, lower than RMB 32.71 billion in the same period last year. Fitch Ratings points out that emerging AI search and competition from various chatbots may put pressure on the monetization capabilities of Baidu's search business. Baidu's declining profitability reflects the weakening of its traditional businesses and relatively low profit margins in non-marketing businesses. Citigroup expects Baidu's core business revenue to decline by 3.6% year-on-year in the second quarter, with advertising revenue declining by 20% year-on-year, while revenue from Baidu's AI cloud infrastructure business is expected to increase by 60% year-on-year.