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UK Prime Minister Keir Starmer says he will step down. The U.S. and Iran agree a peace roadmap and the Revolutionary Guards stand to cash in. Ukraine’s Azov fighters are hitting Russian logistics making Moscow pay a price for occupying Mariupol. And Cape Verde stuns again at 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

JD Vance holds peace talks with Iran, overshadowed by Tehran saying it shut the Strait of Hormuz. Donald Trump says that the renovated Reflecting Pool probably must be renovated following what he called vandalism. Prime Minister Keir Starmer considers his political future and could decide as soon as Monday whether to step aside or fight a UK leadership contest against Andy Burnham. A heatwave in Europe leads to a partial alcohol ban in France. Plus, Mexico City could limit alcohol sales after a massive World Cup party. Listen to Pitchside, our new World Cup podcast here. 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Iran closes the Strait of Hormuz as fighting flares in Lebanon. The U.S. team seals its place in the knockout rounds of the World Cup with a 2-0 win over Australia. Giorgia Meloni accuses Donald Trump of fabricating a story about her. And China may overtake France as the biggest producer of foie gras. Listen to Pitchside, our new World Cup 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

Vice President JD Vance warns Israel the U.S. is its last ally, as he pulls out of a trip to Switzerland for Iran peace talks. Republicans tear apart President Donald Trump’s Iran deal. Ukraine brings the war to Moscow in its most significant strike yet. New York finally gets its Knicks parade. And Scotland’s World Cup fans drink Boston dry. 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. and Iran sign an interim agreement to end the war and reopen the Strait of Hormuz. The deal looks set to bolster Hezbollah’s hand with Tehran promising its ally a cut of the cash once its assets are unfrozen. It’s a new day at the Fed as Kevin Warsh takes the helm. Luigi Mangione plans for a mental health crisis defense. And a small UK election could spell big trouble for Prime Minister Keir Starmer. 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 death rate in U.S. immigration centers doubles since President Donald Trump took office, a Reuters analysis finds. World leaders at the G7 walk a tightrope to avoid provoking Trump. Reuters reveals the $300 billion private investment fund outlined in the U.S.-Iran deal. Messi scores a hat-trick to equal the all-time World Cup scoring record. And the mom of Cape Verde’s history-making goalkeeper watches from home, barred by a $15,000 visa bond. 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

U.S. President Donald Trump’s Iran deal is dividing his party and putting his midterm hopes at risk. FIFA’s new controversial rule forces World Cup players to stop mid-game for hydration breaks. And the UK pulls the plug on social media for under 16s. 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

U.S. President Donald Trump announces a peace deal with Iran on his 80th birthday, with both sides set to formally sign in Switzerland on Friday. Trump rounds out his celebration hosting thousands of guests for a UFC fight on the South Lawn. World leaders gather in France for the G7 summit. And Iran takes on New Zealand in their World Cup opener. 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 New York Knicks beat the San Antonio Spurs to claim their first NBA championship in more than 50 years. U.S. President Donald Trump marks his 80th birthday with UFC fights on the White House lawn. Protesters in Albania's capital rally against a luxury resort project tied to Jared Kushner, in demonstrations being called the Flamingo Revolution. Watch Reuters World Cup podcast Pitchside here 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. and Iran say a nuclear deal could be signed within days, but both sides differ on the terms. SpaceX surged in its trading debut, pushing its valuation past $2 trillion and making Elon Musk the world's first trillionaire. The U.S. military has killed the leader of Venezuelan gang Tren de Aragua in a strike Venezuela says was a joint intelligence effort. Plus, the empty seats at the World Cup raise concerns. Watch Reuters World Cup podcast Pitchside here 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