Signs of tanker traffic through the Persian Gulf will be monitored after the outbreak of strikes between Iran and the US, prolonging the shock to energy supply from the region. The US will publish consumer and producer inflation rates, the last major releases before the Federal Reserve’s September decision. Other key data includes Michigan consumer sentiment and existing home sales. In turn, Canada and Brazil will publish inflation rates. Meanwhile, the ECB will decide on interest rates, Germany will unveil industrial production, and the UK will release monthly GDP data. In Asia, a busy week will feature goods trade flows from China following renewed tariffs by the US, in addition to fresh CPI figures. Also, Japan is set to post its PPI, current account, and wages aggregates. Lastly, trade data from Taiwan could offer hints on AI infrastructure demand.