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U.S. President Donald Trump threatens another blockade on the Strait of Hormuz and demands a 20% toll on cargo. Protesters are on the streets of Maine after the second deadly ICE shooting in the U.S. in a week. Bangkok weighs surprise night-time safety checks on venues after a deadly pub fire. Congo’s M23 rebels use an Ebola outbreak in their territory to showcase leadership. And 12 states sue to block Paramount’s Warner Bros deal which would be the biggest merger in Hollywood history. Listen to the Morning Bid podcast here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

The U.S. Senate is back in session but two of its most powerful Republicans are not, leaving its majority stretched thin after the death of Lindsey Graham and Mitch McConnell's absence due to ill health. A fire tears through a Bangkok pub killing dozens. In some of Havana's apartment blocks, when the lights go out, so does the water. The Iran war silences the country’s musicians. And actor Sam Neill has died. Listen to the Morning Bid podcast here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

Lindsey Graham, a senior Republican senator and one of the President Trump’s closest allies, has died. The U.S. and Iran exchange strikes - and disagree over whether the Strait of Hormuz is open. Plus,England keep their cool in the Miami heat to reach their fourth-ever World Cup semi-final against title holders Argentina. *This episode has been corrected to insert a missing word to make it clear in the Houston story that community members have told Reuters they are less confident an investigation into the shooting will hold all parties accountable. Watch the latest On Assignment: Collateral damage: The war comes for Iran’s ancient past Listen to the Morning Bid podcast here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

A bipartisan housing affordability bill has become law without U.S. President Donald Trump's signature. Firefighters in southern Spain battle a fast-moving wildfire that has killed at least a dozen people. And along Ukraine's front lines, birds are building nests from fibre-optic drone cables used to guide attack drones. Watch the latest On Assignment: Collateral damage: The war comes for Iran’s ancient past Listen to the Morning Bid podcast here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

Iran hits U.S. military targets in the Gulf as it buries its slain leader, Ayatollah Ali Khamanei. NATO leaders leave Turkey armed – literally – after President Tayyip Erdogan hands out vintage revolvers. President Donald Trump says Russian President Vladimir Putin wants peace, but three Kremlin sources say he’s getting ready to escalate. Meta will start making its own AI chip to undercut OpenAI and Anthropic. A proposed FAA rule could supercharge the U.S. drone delivery industry. And Germany tops more than 5,000 heat-related deaths this year as a wildfire tears through southern Spain. Listen to the Morning Bid podcast here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

Maine's Graham Platner quits the Senate race leaving Democrats scrambling to replace him for a must-win seat. The U.S. and Iran trade fresh strikes. President Donald Trump ditches the new Qatari-gifted Air Force One for the first leg of his flight home from the NATO summit. Before leaving Ankara, he hands Ukraine a license to manufactures its own Patriot missile interceptors. A fatal ICE shooting in Houston triggers protests. Google warns quantum computers could crack crypto encryption by 2029. And HBO Max dominates the Emmy nominations. Listen to the Morning Bid podcast here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

President Donald Trump says the U.S. ceasefire with Iran is “over” after back and forth strikes, testing NATO’s nerves at a summit in Ankara. Graham Platner faces mounting calls to drop out of the Maine Senate race. Marine Le Pen will run for the French presidency after a court clears her way, but she may be campaigning with an ankle tag. The UK’s Nigel Farage quits parliament only to run for his seat again. And Messi leads Argentina’s stunning comeback from 2-0 down to knock Egypt out of the World Cup. Listen to the Morning Bid podcast here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

The United States crashes out of the World Cup as President Donald Trump’s red card intervention overshadows the tournament. Tens of thousands fill Tehran’s streets for Ayatollah Ali Khamanei’s funeral with mourners calling for vengeance against the U.S. and Israel. Trump arrives at the NATO summit in Ankara already at odds with Italian Prime Minister Giorgia Meloni. And, Democrats have until July 13 to pull the plug on their Maine Senate candidate as sexual assault allegations threaten one of the midterms’ most critical races. Listen to the Morning Bid podcast here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

FIFA clears red-carded U.S. striker Folarin Balogun to play against Belgium after President Donald Trump called FIFA chief Gianni Infantino. Mourners line the streets of Tehran for the funeral procession of slain Supreme Leader Ayatollah Ali Khamenei, as his son and successor remains out of sight. And Venezuela's earthquake death toll tops 3,300 as survivors face the grim task of identifying the dead. Listen to the Morning Bid podcast here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

America celebrates Independence Day with military flyovers, flotillas and fireworks. Funeral prayers and tears for slain Iranian leader Ayatollah Ali Khamenei but still no sign of his son and successor Mojtaba Khamenei. Ukrainian drones hit St Petersburg region oil terminal as Russia’s fuel crisis deepens. And, England fans can drink till dawn after the UK government allows the pubs to open until 5 am for the World Cup match with Mexico. Watch the latest On Assignment Fourth of July from inside the White House . Listen to the Morning Bid podcast here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices