Iran Mulls US Proposal to End War as China Calls for Peace
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Good morning. Washington and Iran weigh a potential deal to end the war. Project Vault points to a perspective shift on globalization. And Sony is finalizing one of the biggest catalog deals in music history. Listen to the day’s top stories.
Oil sank as Iran weighed a fresh US peace proposal that may offer Donald Trump an off-ramp from a conflict that has spiked energy prices and hurt his political standing. The deal would reopen the Strait of Hormuz and lift the American naval blockade, a person familiar said. Nuclear talks would come later.