2026-05-07
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This is the World in Brief from The Economist.
Our top stories.
Donald Trump insisted that America was close to striking a deal with Iran,
although he threatened to renew bombings without one.
Iran said it was evaluating America's peace proposal, which reportedly involves a moratorium on Iran enriching uranium.
Brent crude the oil benchmark fell by 8% to $101 a barrel,
while global stock markets rose on the news of a possible de-escalation.
Meanwhile, America said it fired at an Iranian-flagged oil tanker in the Gulf of Oman,