The World in Brief from The Economist

America released details of its 14-point memorandum of understanding with Iran. Also, the Federal Reserve left its benchmark interest rate unchanged, at 3.5% to 3.75%, after Kevin Warsh’s first policy meeting as chair.

Iran’s foreign minister said the war with America would not “fully come to an end” until Israel withdraws its troops from southern Lebanon. Also, SpaceX shares rose 4.5% in pre-market trading ahead of its fourth day on the public markets.

Iran’s foreign minister said the war with America would not “fully come to an end” until Israel withdraws its troops from southern Lebanon.

fifth-most valuable company, as its share price rose by as much as 14% during its third day of trading since a record-breaking initial public offering. 

Donald Trump said that a memorandum of understanding with Iran was “all signed” and that the Strait of Hormuz would be “completely open” by Friday. Also, Asian share prices rose for a second day, continuing a global stock-market rally.

Donald Trump said a preliminary deal with Iran was “all signed” and that the Strait of Hormuz would be “completely open” by Friday, when a signing ceremony takes place in Geneva.

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.