Oil falls below $80 as markets rally on Iran-US peace deal: What to know Brent crude futures, the international benchmark for oil prices, fell around 3.15% to $79.99 as of 6:55 a.m. EDT on Monday. Iran
Analysis Gulf aluminum pursues global deals as Hormuz crisis accelerates shift Gulf aluminum exporters are targeting global deals amid fallout from the US-Israel-Iran war, which has pushed prices to multiyear highs in early June. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Saudi Arabia lifts 5-year ban on Lebanon imports: What to know Saudi Arabia had been a main donor for Lebanon before ties strained during Hezbollah’s rising influence in the country. Lebanon
Suez Canal traffic soars as Hormuz disruptions reroute energy trade The canal generated $419 million in revenue in April, up 27% year over year. Egypt
Analysis Turkey pushes Iraq, Syria trade routes as Hormuz crisis disrupts Gulf shipping By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
Can bitcoins save Hamas from its financial crisis? The armed wing of Hamas in the Gaza Strip announced that it has started accepting donations in bitcoin in a new attempt to overcome its financial crises. Palestine
Why Abbas risks an economic collapse of the PA Prime Minister Benjamin Netanyahu promised to soon implement the law on deducting terrorists’ salaries, yet Palestinian President Mahmoud Abbas knows that on the day he stops payments, the Palestinians themselves will bring him down. Palestine
Increase in Egyptian pound's value surprises Cairo currency traders A recent strengthening of the Egyptian pound against the US dollar is likely to be followed by a weakening of the pound in the coming months, experts say. Egypt
How US sanctions could be boosting Iran's presence in Iraq Reimposed US sanctions have encouraged an active Iranian geo-economic agenda in neighboring Iraq, a profitable market where Tehran can ease the pressure coming from Washington. Iraq
Abbas seeks to free Palestinian economy from Israel Palestinians are determined to revisit the Paris Protocol on Economic Relations, which they have said deepens their subordination to Israel. Palestine
Middle class, entrepreneurs key to Egypt's economic recovery The Egyptian government is implementing programs to help curb poverty and meet the needs of low- and middle-income citizens, but analysts believe more should be done. Egypt
China’s emerging role in Iran’s petroleum sector Despite the stumbling blocks, China’s strategic goal of securing energy resources for its future demands and Iran’s need for foreign investment will continue to pave the way for a greater Chinese role in the Iranian energy sector. Iran
Forgotten artisans of Beirut seek revival Beirut’s Armenian district, previously a vibrant center of craftsmanship and culture in the country, is going through a decline due to a lack of government planning, with only a few artisans escaping the downturn. Lebanon
How Iran can use rupees to build strategic trade with India Iran and India’s signing of an agreement for how Iranian oil export proceeds can be used could turn into a blessing in disguise for the Islamic Republic. Iran
Has Cairo book fair lost its luster at 50? The Cairo International Book Fair's 50th edition opens amid controversy over its new location and visitor numbers, with some booksellers boycotting the fair. Egypt
Why Rouhani should think beyond price controls to contain inflation In Iran, the Rouhani administration’s tendency to turn to price controls to stave off inflation carries major long-term costs in exchange for only short-term benefits. Iran
Is new energy league an alliance against Ankara? A Cairo-based partnership among Egypt, Israel, Cyprus, Greece, Italy, Jordan and the Palestinian Authority is ready to explore energy sources in the eastern Mediterranean — whether Turkey likes it or not. Palestine
