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U.S. intelligence says months of war with Iran have barely dented Tehran's path to a nuclear bomb. Meanhile both countries launch new attacks as they wrestle for control of the Strait of Hormuz. Around 150 passengers are confined to their cabins amid a hantavirus outbreak on board a cruise ship. The collapse of Spirit Airlines sparks a Washington blame game. Stars walk the carpet at the Met Gala on fashion's big night. Plus, Reuters wins two Pulitzer Prizes. 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 United States will start helping to free ships stranded in the Gulf by the U.S.-Israeli war on Iran. A tense ceasefire with Israel frays in Lebanon. Former New York City Mayor Rudy Giuliani has been hospitalized. Plus, the fashion world gears up for the Met Gala – as protesters object to Jeff Bezos’ involvement. Watch the latest On Assignment podcast episode: Inside Chornobyl. 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. could restart strikes on Iran if Tehran “misbehaves.” Europe reckons with the withdrawal of thousands of U.S. troops. Airlines work to help stranded Spirit passengers after the budget carrier collapses. Robotic legs help Hong Kong fire survivors climb to retrieve their possessions from the damaged residential towers. Plus, Timmy the whale is transported from near Germany’s coast to the open ocean. Watch the latest On Assignment podcast episode: Inside Chornobyl. 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 Pentagon says its pulling 5,000 troops from Germany, while the White House is fast-tracking $8.6 billion in weapons sales to Israel and Middle East allies, bypassing Congress. U.S. President Donald Trump is raising tariffs on EU cars and trucks to 25%. Al Qaeda-linked insurgents have seized territory in Mali, threatening Russia's influence in West Africa. Spirit Airlines is shutting down following the economic shock of the Iran war. Plus, a new Banksy statue appears in London. Watch the latest On Assignment podcast episode: Inside Chornobyl. Listen to On Assignment podcast episode In Search of Banksy. 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 White House says the U.S.-Iran war is “terminated” for the purposes of an approaching congressional war powers deadline, even as President Donald Trump huddles with military leaders over potential new strikes. Oil briefly spiked past $126 a barrel, pushing U.S. inflation to its highest year-on-year rise since May 2023. Trump signs an end to the 11-week partial government shutdown, restoring funding to most of Homeland Security. And in Australia hundreds clash with police demanding retribution for the murder of a five-year-old Indigenous girl. 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

Federal Reserve Chair Jerome Powell’s last act: holding rates and a pledge to stick around as a governor. The Pentagon puts a $25 billion price tag on the Iran war so far. The U.S. Supreme Court guts a key provision of the Voting Rights Act, in a move that could reshape voting across the South. And for the average price of a car in the U.S., you could buy five brand new Chinese EVs. 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

Former FBI Director James Comey faces charges over a deleted Instagram post showing the numbers "86 47" arranged in seashells. U.S. President Donald Trump’s approval rating drops to its lowest point this term. King Charles makes a speech to Congress. And the FCC orders a review of Disney’s ABC station licenses as the White House turns up the heat on late-night host Jimmy Kimmel over a joke about Melania Trump. 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 Arab Emirates says it is quitting OPEC and OPEC+, dealing a heavy blow to the oil exporting groups. Opening arguments begin in Elon Musk’s lawsuit against OpenAI’s Sam Altman, accusing him of betraying their founding mission to keep the company a non-profit. Cole Tomas Allen is charged with the attempted assassination of President Donald Trump. And two of Israeli Prime Minister Benjamin Netanyahu’s rivals join forces to try and oust his government. * This podcast has been updated with the OPEC news. 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 calls the White House Correspondents Dinner shooting suspect a “pretty sick guy,” while using the attack to tout his presidency’s impact. A manifesto written by the suspect raises questions about Trump’s security arrangements. King Charles pushes ahead with his U.S. visit as the UK looks to repair strained ties with Washington. China’s new legal and economic tools punish companies that shift supply chains away from Beijing. Iran diplomacy stalls as Trump tells Tehran to pick up the phone. And Kenya's Sabastian Sawe shatters the two-hour marathon mark in London. 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 gunman charges through security and fires shots at the White House Correspondents Dinner in Washington D.C., sending U.S. President Donald Trump and hundreds of guests diving for cover. Iran is demanding the United States lift its blockade on Iranian ports before any new talks can begin, as hopes of a diplomatic breakthrough begin to fade. The closure of the Strait of Hormuz sends condom prices soaring, going viral in China. Plus, how the protein-maxxing trend is throwing a lifeline to some American farmers. Watch to the latest On Assignment On tour with Pope Leo 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