2026-05-12
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This is the World in Brief from The Economist.
Our top stories.
Donald Trump warned that the ceasefire with Iran was, quote, on massive life support.
He called Iran's response to America's peace plan garbage and said he did not finish reading it.
Earlier, Iran defended its counterproposal, which includes ending America's blockade on its ports,
and said discussions about its nuclear program would happen when the time is right.
Brentcrude, the international oil benchmark, rose to around $105 a barrel.
Pressure is mounting on Sakia Starmer to step down as Britain's Prime Minister.