Former Israeli prime minister Bennett said Turkey itself is important, but President Erdogan "is a disaster".

The Wall Street Journal cites sources saying the Islamic Revolutionary Guard Corps told mediators it would close the Strait of Hormuz again if Doha talks fail to secure a guarantee of sole Iranian control, and has demanded the US and other states abandon plans to route ships via the strait’s southern waters on the Oman side.

Eurozone manufacturing PMI showed output ended 1H on a strong note, capping the strongest quarter since early 2022. June PMI slipped to 51.4 from 51.6 in May, a four-month low but the fifth consecutive month above 50.0 and slightly above the preliminary 51.3. Export weakness pulled overall activity growth to its weakest since February, but continued manufacturing output growth and a marked easing in cost pressures—mainly due to a sharp fall in oil prices and reduced supply concerns—gave factories some relief and helped offset recent services weakness.