The US and Iran trade strikes and threats over the Strait of Hormuz

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We have the latest as tankers are targeted in the waterway. Also on the programme, Liberal Democrat leader Sir Ed Davey joins us as the debate over how to protect politicians continues in the wake of Ann Widdecombe's killing. It's been revealed that the number of BBC TV licences dropped by more than half a million in a single year. Our culture editor, Katie Razzall, explains what it tells us about the corporation's finances and how it could be funded in the future. And, we hear about a new staging of Shakespeare inspired by the sounds of flamenco.