Iran and Oman agree on proposed Hormuz route; progressives win in Michigan, and more

伊朗与阿曼就拟议的霍尔木兹航线达成一致;密歇根州进步派获胜,及其他新闻。

The World in Brief from The Economist

2026-08-06

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Iran and Oman agreed to a proposed new shipping route through the Strait of Hormuz, according to Iranian state media. Hosted on Acast. See acast.com/privacy for more information.
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  • The Economist.

  • Our top stories.

  • Iran and Oman agreed to a proposed new shipping route through the Strait of Hormuz, according to Iranian state media.

  • Iran's foreign ministry spokesman said a joint statement between the two countries would soon be finalized,

  • provided certain third parties do not obstruct the process.

  • The Trump administration has suggested the waterway could reopen imminently.

  • Oil prices steadied as traders hoped for a deal.

  • Abdul El-Sayed narrowly beat Haley Stevens in America's Democratic Senate primary in Michigan.

  • With almost all votes tallied, Dr. El-Sayed, on the party's left wing,

  • had 48.5% ahead of Ms. Stevens, a centrist on 47.5%.

  • His victory is a boon for the Democrats' progressive wing after a bitter intraparty struggle.

  • The left has recently won primaries in New York City and Colorado.

  • SpaceX shares fell almost 14% a day after the company released its first quarterly results since going public.

  • Despite reporting a 92% rise in revenue, investors were spooked by its net loss of $541 million

  • and a big jump in AI spending.

  • America's tech-heavy Nasdaq closed 0.8% lower.

  • Meanwhile, a bus-sized chunk of a SpaceX rocket, which had been jettisoned in space, crashed into the moon.

  • China shot back at America for restricting imports of its technology and banning

  • more goods connected to alleged forced labor from the Xinjiang region.

  • China's trade ministry announced new limits on drone exports