*This podcast has been updated to include the latest news on a federal judge blocking subpoenas issued by the U.S. Justice Department against Federal Reserve Chair ‌Jerome Powell. The update also includes the latest details on a U.S. military aircraft that crashed in western Iraq, killing six US service members. Plus, Cuba's president confirms he is in direct talks with the United States.

Four crew members on a U.S. military aircraft that crashed in western Iraq are dead. With no obvious off-ramp, President Donald Trump’s aides vie to influence his exit plan in the war with Iran. We hear from people on the ground in Tehran. Iran’s new supreme leader vows to keep fighting and to keep the Strait of Hormuz shut. Even with a U.S. 30-day sanctions waiver on buying up Russian crude, some countries take steps to secure their own energy. And the U.S. Senate passes an affordable housing bill in a rare moment of bipartisanship. Listen to the Morning Bid podcast ⁠⁠here⁠⁠.

Listen to the Reuters Econ World podcast ⁠⁠here⁠⁠.

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US military crash, Trump's Iran exit plan, Cuba-US talks