The United States and Iran reported new reciprocal attacks near the Strait of Hormuz. President Donald Trump said the U.S. military targeted Iranian sites in the area. Iran said it also took action against U.S. targets. The escalation has raised concerns over threats to a key oil shipping route, lifting fears of supply disruptions and boosting safe-haven demand.

GitLab told its earnings call that AI is becoming a durable, long-term tailwind for the company, supporting seat growth and other parts of its growth algorithm. The company said AI is lowering the barrier to building software, bringing more builders into customer accounts and helping attract new customers. GitLab added more than 1,700 first orders in the quarter, more than doubling from a year earlier, and said first-order net ARR rose nearly 40%.

A technical glitch has delayed the EIA’s release of U.S. oil production data, leaving traders and policymakers without the government’s most detailed official readings for at least several weeks. The gap covers U.S. crude output, imports, exports and state-level production. With the Strategic Petroleum Reserve at a 44-year low and Strait of Hormuz shipping still disrupted by the U.S.-Iran conflict, the missing data is seen as especially important. The Weekly Petroleum Status Report will continue to provide top-line inventory and supply figures, so the market will still have broad guidance.

MicroStrategy (now Strategy) sold about 6,916 BTC from late June to early August for roughly $429–$432 million at an average price of about $62,081 per coin. After a 10-week pause, it bought back 4,603 BTC last week for $369.7 million at an average of $80,318, about $17,800 or 29% higher than its sale price. Strategy now holds 845,050 BTC, and its net leverage has been reduced to zero.

Dell reported earnings that significantly beat expectations. Gross margin dollars rose 78% year over year, while operating expenses increased 22% and EBIT jumped 160%. The company also issued guidance that is billions above Wall Street estimates. A base-case discounted cash flow model using a 10% discount rate indicates meaningful equity value creation.

Stoxx said the Euro Stoxx 50 index will change its constituents, with Engie and Nokia set to replace Volkswagen (VW) and Prosus. The adjustment is expected to prompt passive funds that track the index to rebalance their positions.

Dell’s chief operating officer said the company’s AI customer base has surpassed 6,500, as demand continues to broaden. The update signals a rapid expansion in Dell’s AI-related business. The fast-growing customer base could put pressure on supply chains, potentially affecting near-term revenue recognition and market performance.

Palo Alto Networks reported earnings that topped market expectations. CEO Nikesh Arora said rising enterprise cyber threats and the widespread adoption of artificial intelligence are providing the company with durable tailwinds. He added that AI-driven cybersecurity demand has become a key engine of growth.