Trump rejects Iran's response to a US peace proposal

Reuters Daily Briefing <dailybriefing@thomsonreuters.com>
To: news@emailtest.eu

2026-05-11 12:59

Daily Briefing

By Claire Beers

Hello. Trump has dismissed Iran's reply to a US peace plan, the evacuation of passengers from the Hantavirus-hit cruise ship will be completed today, and India's Modi urges limits on fuel use, travel and imports to save forex.

Plus, the world prepares for Trump-Xi talks.

Today's Top News

A woman walks past an anti-US billboard in Tehran, Iran. REUTERS/Majid Asgaripour/WANA

President Donald Trump's swift rejection of Iran's response to a US peace proposal sent oil prices surging amid concerns the 10-week-old conflict will drag on, keeping shipping through the Strait of Hormuz paralyzed. The Reuters World News podcast has more details.
The evacuation of passengers from a Dutch-flagged luxury cruise ship hit by a deadly hantavirus outbreak will be completed today with flights from Australia and the Netherlands.
Ukraine's military and regional officials reported Russian drone strikes and battlefield clashes over the past 24 hours, despite a US-brokered ceasefire. Russian President Vladimir Putin said that he thought the Ukraine war was coming to an end.
Israeli Prime Minister Benjamin Netanyahu hopes to wean Israel off US military support within a decade ‌as his country pushes to strengthen ties with Gulf states.
Prime Minister Keir Starmer sought to quell a mounting rebellion in his party by saying he would prove the doubters wrong and stay in power to avoid plunging Britain into a new political crisis.
Thailand's billionaire former premier Thaksin Shinawatra was released from jail on parole and met by cheering crowds, eight months after ‌a court ordered him to do the prison time he tried to dodge with a prolonged stay in hospital.

Business & Markets

A worker takes a photo of bags of plastic pellets at a warehouse in Dongguan, Guangdong province, China. REUTERS/Go Nakamura

China's producer prices blew past expectations to rise to a 45-month high in April, while consumer inflation also accelerated as global energy costs remained elevated, piling more pressure on manufacturers already grappling with weak demand at ‌home.
Three tankers carrying crude exited ‌the Strait of Hormuz last week and on Sunday with trackers switched off to avoid Iranian attacks, shipping data from Kpler and LSEG showed.
Indian Prime Minister Narendra Modi urged a ‌spate of measures including fuel conservation, work-from-home practices and limits on travel and imports, as a surge in global energy prices puts pressure on the country's foreign exchange reserves.
Cerebras Systems is set to raise the size and price of ‌its initial public offering, as demand for the artificial intelligence chipmaker's shares continues to climb.
Nintendo's shares fell 7% in Tokyo after the company hiked ‌Switch 2 prices and as the market frets over a lack of high-profile games to build momentum.
British pop star Dua Lipa has filed a lawsuit against ‌Samsung Electronics seeking at least $15 million in damages, accusing the South Korean tech giant of using her image without permission to market its television sets.

Trump and China's Xi set for talks spanning Iran, nuclear, trade and AI

US President Donald Trump shakes hands with Chinese President Xi Jinping in Busan, South Korea, October 30, 2025. REUTERS/Evelyn Hockstein

US President Donald Trump and Chinese President Xi Jinping are set to discuss Iran, Taiwan, artificial intelligence and nuclear weapons as they weigh extending a critical minerals deal, according to US officials previewing Trump's two-day visit to China this week.

The leaders of ‌the world's two largest economies will hold their first face-to-face talks in more than six months as they try to stabilize ties strained by trade, the US-Israeli war with Iran and other areas of disagreement.

Many stakeholders are rallying the US President ahead of the summit, including the families of two Americans imprisoned in China, urging Trump to seek their release. And, the US auto industry and lawmakers hammering Trump with a simple message: Please don't offer China any access to the US car market.

Read more

And Finally...

REUTERS/Illustration/Kate Evans

Known as the city of lively hearts, the city of gardens and the heart of Pakistan, Lahore rarely slows down. From the old quarters of the Walled City to its newer middle-class and affluent neighborhoods, it is also a place where the past is never far from the present.

Our correspondent, Mubasher Bukhari, guide to Mughal's history, bold breakfasts and bustling bazaars.

Read more

Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters' website

Reuters Daily Briefing is sent 5 days a week. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here.

Want to stop receiving this email? Unsubscribe here. To manage which newsletters you're signed up for, click here.

This email includes limited tracking for Reuters to understand whether you’ve engaged with its contents. For more information on how we process your personal information and your rights, please see our Privacy Statement.

Terms & Conditions