The World in Brief from The Economist

Dell’s share price soared by 35%, reaching a record high on Friday after it reported that demand for its AI servers increased more than eightfold in its first quarter

Donald Trump said he would soon make a decision on a deal with Iran. Also, Binyamin Netanyahu said he directed Israel’s armed forces to seize at least 70% of Gaza.

J.D. Vance said that America and Iran were close to a deal but that he did not know “when or if” Donald Trump would sign it. Also, Binyamin Netanyahu said he directed Israel’s armed forces to seize at least 70% of Gaza.

America and Iran have “the makings of a deal” to extend their truce, according to Scott Bessent, the treasury secretary.

America launched new strikes on Iran, but claimed they were “purely defensive.” Also, Anthropic dethroned OpenAI as the world’s most valuable AI startup after securing $65bn in funding at a valuation of $900bn.

America launched new strikes on Iran, but again claimed they were “purely defensive and intended to maintain the ceasefire”. Also, Earlier Donald Trump said he was “not satisfied” with Iran’s proposals to end the war, and that the country was “negotiating on fumes”.

Iranian state media claimed to have a draft of a peace deal with America.

Iran criticised American air strikes as a sign of “bad faith and unreliability” that violated the countries’ ceasefire. Also, Spain’s police raided the ruling Socialist Party’s headquarters in Madrid as part of an ongoing investigation into allegations of illegal financing.