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The World in Brief from The Economist

Trump claims Iran deal is close; oil prices fall and stocks rally, and more

The World in Brief from The Economist

The Economist

News, Daily News, News & Politics, Global News

4.11.2K Ratings

🗓️ 7 May 2026

⏱️ 5 minutes

🧾️ Download transcript

Summary

Donald Trump insisted that America was close to striking a deal with Iran, although he threatened to renew bombings without one.

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Transcript

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0:00.0

Hello, you're listening to the free edition of the world in brief from The Economist.

0:11.2

As a reminder, if you subscribe to The Economist, you'll get access to a deeper look at the day ahead, updated three times a day.

0:20.1

If you're already an Economist subscriber,

0:22.6

visit Economist.com slash espresso or visit our espresso app to start listening. Here's today's

0:29.5

free edition.

0:35.0

This is the world in brief from The Economist.

0:41.3

Our top stories.

0:44.7

Donald Trump insisted that America was close to striking a deal with Iran,

0:49.9

although he threatened to renew bombings without one.

0:53.9

Iran said it was evaluating America's peace proposal,

0:57.9

which reportedly involves a moratorium on Iran enriching uranium.

1:03.7

Brent crude, the oil benchmark fell by 8% to $101 a barrel,

1:10.0

while global stock markets rose on the news of a possible de-escalation.

1:16.7

Meanwhile, America said it fired at an Iranian-flagged oil tanker in the Gulf of Oman,

1:23.3

accusing it of violating America's blockade of Iran's ports and ignoring repeated warnings from the army.

1:31.4

America's Central Command said the vessel was no longer transiting to Iran.

1:36.9

Mr. Trump has paused America's operation to guide commercial ships out of the Strait of Hormuz

1:42.8

amid negotiations with Iran.

1:46.9

Israel said it struck the southern suburbs of Beirut, targeting a top commander of

1:52.8

Hezbollah, the Iran-backed militia. It is the first attack on Lebanon's capital since the two

1:59.5

countries implemented a fragile ceasefire last month,

2:04.0

although fighting elsewhere has continued.

...

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