Shareholders in Warner Brothers Discovery are voting this Thursday to approve or reject a $110 billion acquisition offer from Paramount Skydance in the face of widespread opposition from Hollywood workers. Also in this edition: the US considers currency swap deals with its Middle Eastern and Asian allies, and European airlines face a turbulent summer travel season.

Iranians are confronting mass layoffs and soaring inflation amid destroyed infrastructure and internet blackouts. We take a closer look. But first: US senators grill Donald Trump's nominee for Federal Reserve chair, and the global condom industry takes a blow from supply chain issues tied to the closure of the Strait of Hormuz.