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
Sanctions threaten Iran's dream of becoming Eurasian transport hub Lack of financing and the potential collapse of the nuclear deal threaten Iranian plans to complete the infrastructure necessary for the International North-South Transport Corridor. Regional
Turkey’s one-man regime denied confidence vote by markets The downturn in the Turkish economy looms as a major challenge for President Recep Tayyip Erdogan, as economic actors show little confidence in his new and sweeping powers and his selection of his son-in-law to manage the economy. Turkey
Khamenei: Iran must expand ties with East as well as West In a meeting with members of the Cabinet, Ayatollah Ali Khamenei emphasized the need for Iran to expand ties with both Eastern and Western nations. United States
Momentum builds for Iran to meet global financial watchdog requirements Iran’s political elite finally appear to have enough momentum to pass key measures to satisfy FATF’s demands for greater transparency and compliance with international standards, which will improve the changes of Iran and the European Union to build on their economic relations. Iran
Egypt to build $11 billion petrochemical complex As Egypt invests in refining crude oil at home, domestic fuel prices continue to rise. Egypt
Egyptian banks to forgive interest on certain loans The Central Bank of Egypt is willing to overlook the interest on some customers' loans to recover principal that otherwise might not be repaid. Egypt
Will Islamic bonds help revive Egypt's economy? Some economists say the government's plan to issue dollar-dominated and euro-dominated Islamic bonds will generate more financial resources, while others worry the move strays from Egypt's secular nature. Egypt
Palestinians fear recent aid cuts could expand After Australia decided to cut direct aid to the Palestinian Authority, officials are concerned other countries could follow suit. Palestine
Iran’s economic crisis gives Rouhani chance to hit 'corrupt networks' Rouhani should make use of the mandate that Iran’s supreme leader has given for further transparency, which will weaken corrupt networks that are harming the country more than any external enemy. Iran
Iranian hard-liners smell blood as Rouhani under fire over economy Iranian hard-liners continue to maneuver to not just undermine but wholly get rid of moderate President Hassan Rouhani. Iran
Iran's car market engulfed in growing economic crisis Crisis conditions bite into Iran’s car market, with customers forced to shell out higher prices for both foreign and domestically made vehicles. Iran
Iran’s youngest minister becoming symbol of transparency drive Iran’s youngest minister has received widespread praise for his “courageous” transparency campaign after revealing a list of allegedly fraudulent cellphone importers. Iran
