The World in Brief from The Economist

Donald Trump said a preliminary deal with Iran was “all signed” and that the Strait of Hormuz would be “completely open” by Friday. Markets in Europe and America hit fresh highs following news of the deal.

America and Iran brokered an agreement to end their nearly four-month war. Also, European stocks hit record levels on opening following news of the deal.

America and Iran have agreed to a ceasefire, Donald Trump announced on social media.

Donald Trump criticised an Israeli strike on southern Beirut, saying it “should not have happened”.

Donald Trump wrote on social media that a peace deal with Iran was scheduled to be signed on Sunday.

Hungary’s populist-right Fidesz party re-elected Viktor Orban as its leader despite his defeat in April’s general election

Hungary’s populist-right Fidesz party re-elected Viktor Orban as its leader despite his defeat in April’s general election

Shares in SpaceX popped on their first day trading on the Nasdaq, valuing the firm at around $2.1trn—and making its boss, Elon Musk, the world’s first trillionaire.