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

On today's podcast:

(1) Iran has given the US a new proposal to reopen the Strait of Hormuz and end the war that includes postponing nuclear negotiations, Axios reported, citing a US official and two people with knowledge of the matter.

(2) The man accused of storming the White House Correspondents’ Dinner spent years quietly acquiring his arsenal, purchasing a shotgun from a Torrance, California, firearms dealer eight months before the attack and a semi-automatic pistol two years earlier, according to a law enforcement intelligence profile reviewed by Bloomberg.

(3) Senator Thom Tillis said he’s dropping his blockade of Kevin Warsh’s nomination to head the Federal Reserve, saying the Justice Department’s decision to end a criminal probe targeting Fed Chair Jerome Powell removed a threat to the central bank’s independence.

(4) Policymakers in the US and across the Group of Seven will probably keep interest rates steady this week while watching nervously for signs of higher energy costs fanning inflation.

(5) China’s commerce ministry criticized EU over its discriminatory measures on foreign investment in EVs, batteries, solar and critical raw materials by creating investment barriers, according to a government statement.

(6) Germany sounded out European lenders to defend Commerzbank against UniCredit’s takeover bid earlier this year, according to people familiar with the matter.

(7) To say the special relationship is going through a rough patch ahead of King Charles III’s visit would be an exercise in British understatement.

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