Reuters World News - Hormuz concessions, Typhoon Dolphin and Wisconsin's primary

Episode Date: August 10, 2026

Iran and Oman edge closer to a deal that would give Tehran control over Hormuz shipping, but Iranian officials warn the strait won't fully reopen until Washington makes concessions. Typhoon Dolphin, the most powerful tropical cyclone to hit China this year, forces more than one million to evacuate. And Democratic frontrunner Rebecca Cooke heads to her primary gunning to flip a competitive seat in rural Wisconsin. 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

Hi, I'm Kim Vinal in Wanganui, New Zealand. It's Monday, August 10th, today. Iran wants a deal on Hormuz, but says the US will have to give ground first. More than a million are evacuated, as typhoon dolphin makes landfall in China. And Trump's grip on rural America is loosening, and Democrats in Wisconsin are taking note.

This is Reuters' World. news, bringing you everything you need to know from the front lines in 10 minutes, seven days a week. Hey, y'all's Kelly Clarkson with Wayfair. Ever order furniture online and wonder what if? Like, what if it doesn't hold up? That sofa was four days old. You should have ordered from Wayfair. With Wayfair, there's no what if. Just style you love and quality you can trust. Visit Wayfair. Every style, every home. First, with some breaking news, I'm Elena Cassas in London. There's been another shooting in Thailand as the country is still reeling from a mass school shooting on Friday.

A former lawmaker has allegedly killed a Thai official inside a local government office in the outskirts of Bangkok. The purported gunman Chalong Reworang then called a Thai TV journalist live on air and admitted to the shooting. In a statement while in police custody, Chalong said he had confronted the victim over a long-standing dispute, but the latter declined to talk things out.

Later in the podcast, we'll have details on the impact of Friday's mass school shooting and hear from some of the survivors. Back to Kim with the rest of today's news. Iran says it's close to an agreement on reopening the Strait of Hormuz, but only if the United States meets a series of demands first. Tehran says a deal with Oman on new shipping lanes is in its final. stages, but insists the strategic waterway will remain closed unless Washington lifts sanctions, ends military threats, and pays compensation for damage caused during US and Israeli strikes

earlier this year. U.S. President Donald Trump, meanwhile, told Axios that the U.S. is, quote, low-keying it with Iran, saying the U.S. is only semi-negotiating. In a sprawling tent camp in Gaza city, children fill buckets of water for their families. Despite the ceasefire, many say the war never really ended. And news Israeli Prime Minister Benjamin Netanyahu is rejecting President Donald Trump's latest plan for peace is sparking anger. That's Ahmed al-Wahidi, who believes the Israeli leader, is only focused on winning October's election. Israel sholented at the Mismar Hama-Chemps.

In televised remarks to his right-wing government on Sunday, Netanyahu again rejected Trump's proposed 15-point roadmap, saying Israeli forces would not withdraw from Gaza until Hamas is fully disarmed. Netanyahu is struggling in the polls and is caught between far-right ministers who oppose concessions in Gaza and Trump, who wants the US-backed plan agreed in Egypt 10 days ago to move forward.

Meanwhile, in the occupied West Bank, Israel's military has sealed off a Palestinian village, citing a rise in attacks by Israeli settlers. The order bars Israeli non-residents from entering Tabe, one of the last remaining Christian villages in the West Bank, but that does not apply to Palestinians. The military says the move is aimed at preventing further violence and maintaining order, and it comes amid growing scrutiny of settler attacks.

A recent UN inquiry alleges Israeli authorities were directly involved in attacks that killed, injured and displaced Palestinians, claims that Israel strongly rejects. It's a big week for markets, with investors watching a key US inflation report, as well as a string of major tech earnings. For more, here's morning bid host Mike Dolan. Good morning. Yeah, the markets caught between the devil and the deep blue sea, at least the interest rate market. We had the big employment report on Friday, which looked very soft on the headlines. And now we have an inflation report coming up on Wednesday. That probably explains why there was a limited reaction in the interest rate and bond markets.

But Wall Street's at a record high. The earnings season is a bumper one, and we're running according to ELSEC data with annual growth of earnings and profits somewhere in the region of 51%. That's extraordinary. We do have a few left. There's about 10% of companies yet to report. Corwee've applied materials and Cisco are on the calendar this week. Thanks, Mike. You can catch morning bid wherever you get your podcasts. President Donald Trump's standing with rural voters is slipping. His approval rating among rural Americans has dropped from 60% in February to just over half, as the Iran war, tariffs and cuts to food aid and healthcare squeeze communities. That's shaping a closely watched

Democratic primary in Wisconsin's third congressional district, where frontrunner Rebecca Cook hopes discontent over Trump's economic agenda will help her flip a key house seat in November. Here's Reuters Agriculture Reporter Renee Hickman. I've traveled to the district a couple of times this spring and summer. And I'm hearing a lot from voters, unsurprisingly, about affordability, especially when it comes to fuel prices and among farmers when it comes to fertilizer prices. A big surprise to me, actually, was being at a Trump rally this summer and speaking to people in line who were pretty strong Republicans saying that we really needed to end the war with Iran because it was hurting their local economy. So Rebecca Cook is really latching.

onto those concerns. She's talked about ending some of Donald Trump's tariff policies to open up more markets for U.S. farmers. She's talking about the need to end the war with Iran. Derek Van Orden is kind of on the defensive when it comes to these issues. The Iran war has been pretty unpopular, but he's had people like President Trump, like RFK Jr., other figures from the Trump administration, coming out through the district to stump for him and to have. these rallies. You know, and when I talked to him recently, his position was that the war with Iran is a military necessity and that in the long term, it's something that America has to do in order to keep Iran from having a nuclear weapon. And he says he doesn't like the rise in

costs anymore than anybody else. Hey, y'all. It's Kelly Clarkson with Wayfair. Ever order furniture online and wonder what if? Like, what if it doesn't hold up? That sofa was four days old. You should have ordered from Wayfair. With Wayfair, there's no what-if. Just style you love and quality you can trust. Visit Wayfair.ca. Wayfair, every style, every home. More than a million people have been evacuated from China's East Coast as Typhoon Dolphin, the most powerful tropical cyclone to hit the country this year makes landfall.

It's packing winds of more than 90 miles an hour and triggering warnings of flooding and landslides across multiple provinces. Beijing Bureau Chief, Brian Wu has more. Typhoon Dolphin is one of the most unusual typhoons so far in 2026. It made two landfalls in the eastern coastal province of Georgia yesterday on Sunday near Shanghai. I would say that Typhoon Dolphin is notable for its really long journey across the Pacific,

traveling more than 6,000 kilometers before making landfall in China on Sunday. night. Chinese meteorologists have described it as an unusually long-lived storm with a very large circulation and a very broad impact area. So far, authorities have evacuated large numbers of people before the arrival of the typhoon. Typhoon dolphin currently is moving inland from the coast, currently in the province of Jiangxi, and it will enter the central province of Hubei tomorrow. So meteorologists have warned that the remnants of the typhoon, as the typhoon starts to unravel, could impact areas in central China and even northern China as the storm interacts with cooler air from the north that could generate extreme rainfall far, far from the coast.

Friday's mass shooting in Thailand is reigniting a debate over firearms control in Southeast Asia's largest gun-owning nation. A 14-year-old boy allegedly shot his grandparents dead at home before killing another six people at his school. One survivor says she and her classmates heard the first shot ring out. And thinking the noise could have come from a nearby concern. construction site peered over a balcony. Once they realized what was happening, they huddled in a classroom, and the girl messaged her mum, telling her not to call in case the ringtone made a sound.

After the rampage, the gunman took his own life. The boy's mother has publicly apologized saying she had seen no signs of trouble. And finally, jury selection gets underway today in Las Vegas. for the murder trial of D. Defi Davis. He's the 63-year-old ex-gang leader accused of masterminding the 1996 drive-by shooting that killed rap legend Tupac Shakur. Prosecutors say he led a group of men who gunned down Shakur near the Las Vegas Strip in a killing that went unsold for nearly three decades.

Davis faces a single count of murder by use of a deadly weapon and is pleaded not guilty. For more on any of the stories from today, check out Reuters.com or the Reuters app. Don't forget to follow us on your favourite podcast player. If you're listening on a smart speaker, just ask for the latest news from Reuters seven days a week. We'll be back tomorrow with our daily headline show.