The World in Brief from The Economist

Iran’s parliament is reviewing a draft plan to reopen the Strait of Hormuz, according to Fars, an Iranian news site; EasyJet accepted a £5.7bn ($7.7bn) takeover offer from Apollo, an American investment firm

Iran and Oman agreed to a proposed new shipping route through the Strait of Hormuz. Also, Abdul El-Sayed narrowly beat Haley Stevens in America’s Democratic Senate primary in Michigan.

Iran and Oman agreed to a proposed new shipping route through the Strait of Hormuz, according to Iranian state media.

Iran and Oman agreed to a proposed new shipping route through the Strait of Hormuz, according to Iranian state media; Abdul El-Sayed narrowly beat Haley Stevens in America’s Democratic Senate primary in Michigan

SpaceX reported better-than-expected revenue of $7.8bn in the second quarter, in its first earnings report since its IPO in June. Also, oil prices fell to a three-week low as traders hoped for an imminent deal to reopen the Strait of Hormuz.

In its first earnings report since going public in June SpaceX reported quarterly revenues of $7.8bn, up 92% year on year and ahead of analysts’ expectations.

Oil prices fell after Qatar said a draft agreement between America and Iran to reopen the Strait of Hormuz had been “circulated” and that negotiations were in “very progressive stages”; The European Union’s interior ministers held emergency talks about border security

Donald Trump called Iran “unbelievably duplicitous” for denying that it is negotiating with America.