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
How will Basra be affected by the closure of US consulate? Officials and experts in the city of Basra warn of the massive negative effects on the city following the US State Department's decision to close its consulate there. Iraq
Europe’s big eggs in Turkey’s economic basket Economic concerns lie at the heart of Turkey’s moves to repair ties with European countries, which, in turn, are open to Ankara’s overtures due to the significant stakes they have in the ailing Turkish economy. Turkey
“Made in Jordan”: Are consumers buying it? The “Made in Jordan” campaign has been trying to instill a sense of pride in locally produced goods with the long-term goals of boosting industry and decreasing unemployment. Jordan
Consumer prices dropping in Iran as currency regains value Consumer prices are reportedly dropping in Iran after a period of untamed jumps rarely seen in the country's recent history. Iran
How Iran’s quasi-state firms intensify currency crisis The clash between the Rouhani administration and Iranian petrochemical companies over foreign currency earnings is another chapter in the battle between the government and quasi-state actors. Iran
Egyptian MPs visit Ireland to boost economic ties An Egyptian delegation visited Ireland to boost economic relations between the two countries, while focusing on the exchange of expertise in the field of livestock. Egypt
Turkey steps up ties with Palestinian Authority Turkey and the Palestinian Authority have signed new agreements, indicating Ankara intends to broaden official dealings with the PA, but limit its financial assistance to the Gaza Strip to relief agencies. Palestine
Iranians mob money changers to sell dollars as rial jumps Iranians rushed to money changers in several cities to sell their "home-kept" dollars as their national currency started to regain value. Iran
How the Rouhani administration can contain excess liquidity In the absence of genuine reforms that will allow the adoption of more prudent fiscal, monetary and foreign currency policies, the Iranian economy will remain structurally crisis-ridden. Iran
Egypt’s stock market faces fluctuations over manipulation case A move to charge prominent investors, including sons of former President Hosni Mubarak, with stock market violations, has rattled the Egyptian Exchange, which was already on edge due to US trade policies and rising interest rates. Egypt
Palestinian Authority, Jordan work to boost economic ties Palestinian and Jordanian ministers plan to hold intensive meetings in the next few months to tackle several issues related to joint trade cooperation between the two countries. Palestine
Why Turkey’s new economic program failed to impress The Turkish government’s hallmark rejection of self-criticism affects consistency and realism in its diagnoses of economic woes and the remedies it plans. Turkey
