Brazil's Foreign Trade Committee Executive Management Committee said it will proceed with planned tariff hikes on imported electric and hybrid vehicles, imposing a 35% import duty on fully built and semi-knocked-down EVs from July 2026; completely knocked-down (CKD) vehicle imports will face the same rate from Jan. 1, 2027.

Oman and Iran said in a joint statement they have "sovereign rights within the territorial waters of the Strait of Hormuz" and are committed to ensuring secure passage through the strait.

Deutsche Bank cut its gold forecasts by as much as 22%, citing tighter Fed pricing and fading investment demand. Analyst Michael Hsueh now sees Q3 gold at $4,300/oz (down >20% from prior), Q4 at $4,800/oz (down 17%); current spot is about $4,110/oz. The move follows Goldman Sachs’ reduction of its year‑end target by $500 to $4,900/oz. Deutsche Bank says resilient US macro data and Fed repricing are the main downward drivers; its Q4 target assumes the Fed holds rates, but three to four rate hikes could push gold toward roughly $3,800/oz. Continued ETF outflows point to waning investment support; central bank buying remains the lone firm pillar and is expected to persist for some time.