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 Iran dropped dual exchange rates but ended up with four While the Rouhani administration is taking steps toward stabilizing the rial, its rate unification policy has in effect resulted in a multi-tiered exchange rate regime. Iran
Will Iran's economy collapse? The best remedy for Iran to solve its economic crisis is greater transparency and a focus on technocratic remedies. Iran
Can pay raises placate Egyptians amid fuel, electricity price hikes? The Egyptian government has announced an increase in pay and pensions for civil servants before it lifts subsidies on electricity and fuel. Egypt
Iran preps for sanctions by expanding major port project Iran has long sought to develop the port of Chabahar, but its plans have recently expanded to building a major industrial center. Iran
Why Turks keep billions 'under the pillow' Amid waning confidence in Turkey’s economic prospects, many Turks have come to shun the financial system and keep their savings at home. Turkey
Legendary Iranian soccer player urges consumer boycott to root out ‘thieves’ As consumer prices continue to hit ordinary Iranians hard, a popular former soccer player is leading a consumer boycott on social media in an effort to reduce prices. Iran
Leave room for private sector to flourish, IMF advises Egypt The International Monetary Fund is cautioning Egypt not to allow its military-affiliated businesses to grow even larger at the expense of the private sector. Egypt
As dollar rises, Turkey's tourism income suffers Turkey's weak currency means more tourists can afford to travel there, but it doesn’t mean more revenue for the country. Turkey
How rial's devaluation may boost Iranian economy Excess liquidity in search of higher returns may be causing turmoil in Iran’s foreign exchange, property and gold coin markets, but the money is primed to positively impact capital markets. Iran
Can PA's push for e-payments help ease its cash crunch? The Palestinian Authority has approved a plan to promote the use of electronic payment methods to reduce the need for cash, especially hard currency, and to catch up with international developments in financial transactions. Palestine
Does latest Gulf aid to Jordan come with strings? Analysts wonder whether a Gulf aid package to help Jordan deal with its current economic crisis is in fact an attempt to pressure the kingdom into accepting the Israeli-Palestinian peace plan being developed by the United States. Legacy: Gulf
Egypt braces for spillover from Turkey’s economic crisis With the Turkish lira hitting a new low against the dollar and Jordan freezing its free trade agreement with Ankara, will Egypt take revenge on Turkey by imposing duties on Turkish imports? Egypt
