Go to latestPinned post – 2.10AMMain developmentsWelcome to Need to Know this Wednesday, July 15. Here are some of the main developments from overnight. Hostilities continued between the United States and Iran overnight. Iran targeted military bases in Jordan and Bahrain, while the US again struck targets inside Iran.US President Donald Trump retreated from a plan to impose a 20 per cent fee for passage through the Strait of Hormuz just five hours before it was due to take effect. Russia has been forced to re-route grain exports, as Ukraine signals the opening of a new front in the war with expanded attacks on shipping in the Sea of Azov.