Iran deal signed, Warsh’s Fed era and Mangione’s defense

The U.S. and Iran sign an interim agreement to end the war and reopen the Strait of Hormuz. The deal looks set to bolster Hezbollah’s hand with Tehran promising its ally a cut of the cash once its assets are unfrozen. It’s a new day at the Fed as Kevin Warsh takes the helm. Luigi Mangione plans for a mental health crisis defense. And a small UK election could spell big trouble for Prime Minister Keir Starmer. 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