Trump scraps threat of 20% fee on Hormuz cargo

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. 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. Get the news that matters, delivered twice a day on weekdays and daily at weekends, plus special bonus episodes reacting to urgent breaking stories. Follow or subscribe now and never miss a moment. Get in touch: globalpodcast@bbc.co.uk Photo: A ship using the Strait of Hormuz Credit: Reuters

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