Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US and Iran have agreed to stop attacking each other before peace talks resume this week over the Strait of Hormuz and other issues, paving the way to end days of tit-for-tat attacks that tested a fragile truce.

(2) Russian President Vladimir Putin said fuel supply problems persist for motorists and businesses, including queues at gas stations, as Moscow weighs measures to stabilize the domestic market after refinery outages.

(3) Britain has scrapped plans to replace its aging warships with a new destroyer and will instead procure at least six so-called common combat vessels as it seeks to prepare the military for modern warfare.

(4) Andy Burnham will pledge the biggest devolution of power in England in modern times in his first major speech since confirming his intention to succeed Keir Starmer as prime minister.

(5) China can endure a further deterioration — or even a freeze — in economic and trade ties with the European Union if talks are treated as a mere formality, according to Yuyuantantian, a social-media account affiliated with China Central Television.

(6) Wall Street banks are capitulating on bets for a stronger euro, as markets see the US outpacing Europe on interest-rate hikes for the rest of this year.

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