Global News Podcast
The US President replaces the proposed toll with trade deals as the US battles to break Iran's hold on the waterway. Also: ICE halts vehicle stops, record heatwave, and Spain beats France.
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Key takeaways
Donald Trump stated that the planned 20% fee on ships using the Strait of Hormuz has been scrapped. This toll is being replaced by 'massive' trade and investment deals with Gulf states, as the US works to break Iran's hold on the waterway.
12US Immigration and Customs Enforcement (ICE) agents have been instructed to halt most vehicle stops nationwide immediately. This decision follows a pair of fatal shootings in Texas and Maine involving ICE agents.
4A record-breaking heatwave has struck parts of Canada and the US, bringing extreme temperatures and poor air quality to the region.
5Despite rising inflation, US banks are reporting huge profits.
3At the FIFA World Cup, Spain defeated France to secure a place in the final.
6Ask GenPod next
“What are the details of the trade deals replacing the Hormuz fee?”
“How will the halt in ICE vehicle stops impact immigration enforcement?”
“What are the economic implications of US bank profits during inflation?”
Background reading
Geopolitics
The Strait of Hormuz is a critical waterway where the US has been battling to break Iran's hold. The proposed 20% fee was part of this strategic maneuvering, but has now been replaced by trade agreements with Gulf states.
12Domestic Policy
The immediate halt to most vehicle stops by ICE agents is a direct response to recent fatal shootings involving agents in Texas and Maine, highlighting safety concerns for personnel.
4Questions
The fee was replaced by 'massive' trade and investment deals with Gulf states as the US battles to break Iran's hold on the waterway.
12A pair of fatal shootings in Texas and Maine involving ICE agents led to the immediate halt of most vehicle stops nationwide.
4US banks are making huge profits despite rising inflation.
3Spain has beaten France to secure a place in the final.
6A record-breaking heatwave has hit parts of Canada and the US, bringing extreme temperatures and poor air quality.
5Sources and disclosure
The Global News Podcast brings you the breaking news you need to hear, as it happens. Listen for the latest headlines and current affairs from around the world. Politics, economics, climate, business, technology, health – we cover it all with expert analysis and insight.
Donald Trump says he's no longer planning to charge ships for using the Strait of Hormuz, as the US battles to break Iran's hold on the waterway.
Trump said the toll would be replaced by "massive" trade and investment deals with Gulf states.
Also: US banks are making huge profits despite rising inflation.
US Immigration and Customs Enforcement (ICE) agents have been told to halt most vehicle stops nationwide immediately, following a pair of fatal shootings in Texas and Maine involving ICE agents.
Another record-breaking heatwave has hit parts of Canada and the US, bringing extreme temperatures and poor air quality.
At the FIFA World Cup, Spain have beaten France to secure a place in the final.
A 67-million-year-old Tyrannosaurus Rex has become the most expensive dinosaur fossil ever.
The Global News Podcast brings you the breaking news you need to hear, as it happens.
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Get in touch: globalpodcast@bbc.co.uk Photo: A ship using the Strait of Hormuz Credit: Reuters
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