President Donald Trump insists the ceasefire is holding after U.S. and Iranian forces clash in the Gulf. A Reuters investigation reveals $7 billion of well-timed bets on falling oil prices were placed just before Trump’s Iran announcements. UK Prime Minister Keir Starmer's Labour party hemorrhages support in local elections. Tennessee Republicans carve up Memphis's majority-Black congressional district. And Sir David Attenborough celebrates his 100th birthday.  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