Iran and the US Close In on a Deal, Wall Street Hits Records and Oil Falls 

Episode Title: Iran and the U.S. Close In on a War-Ending Deal, Wall Street Hits Records and Oil Falls 

Headline news for May 7, 2026: Iran reviews a U.S. peace proposal as reports emerge that Washington and Tehran are closing in on a one-page deal to end the war including a moratorium on nuclear enrichment. Wall Street hits record highs, AMD surges seventeen per cent on AI chip demand and oil falls almost seven per cent. 

Synopsis: A round up of global headlines to start your day by The Business Times. 

Written by: Claressa Monteiro (claremb@sph.com.sg (mailto:claremb@sph.com.sg) ) 

Produced and edited by: Claressa Monteiro or Howie Lim

Produced by: BT Podcasts, The Business Times, SPH Media

Produced with AI text-to-speech capabilities

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