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
Is Turkey headed for IMF bailout? An increasing number of observers see an inevitable prospect of Turkey seeking an IMF bailout, yet the country is not on its beam-ends yet and the outcome of the June 24 polls will bear on its ability to keep its economy afloat without going to the IMF. Turkey
Will Sadr’s victory impact Russia-Iraq relations? The pragmatism displayed by Iraq's Muqtada al-Sadr indicates that Moscow-Baghdad ties will continue — or even expand — when the new government is formed. Iraq
Turkey’s agricultural decline rings alarm bells The Turkish government is under fire for mismanaging the agricultural sector, whose decline has sent food prices soaring and forced the importation of basic items such as wheat, beans, meat and even straw. Turkey
Turkish defense industry at critical juncture After significant progress on the domestic level, the Turkish defense industry has reached a challenging phase in which it needs to enhance its export capacity to ensure sustainable growth. Turkey
Egypt eyes World Cup as golden opportunity for economy After a 28-year absence, Egypt hopes to take advantage of its participation in the 2018 World Cup, hosted by Russia, to achieve some economic gains. Egypt
The unorthodox theory behind Erdogan's monetary policy Economists and investors are not buying the controversial economic theory invoked by Turkey’s president to justify low interest rates in the face of high inflation and the lira's collapse. Turkey
Egypt to float state shares to boost stock market The Egyptian government has decided to sell shares in state-owned companies as part of the series of economic reforms connected to its $12 billion loan from the International Monetary Fund. Egypt
Turkish lira in tailspin as Erdogan spooks investors Clinging to unorthodox economic views, Turkey’s president has effectively paralyzed the central bank as the Turkish lira’s meltdown continues, threatening major economic turmoil. Turkey
After Iran deal exit, average Iranians worried about the future Uncertainty in the aftermath of the US withdrawal from the Joint Comprehensive Plan of Action is fueling pessimism about the future among ordinary Iranians. Iran
Turkey and Israel: Barking, biting, but still doing business The ties between Israel and Turkey are being strained and stretched, but they aren't likely to snap as long as both sides benefit from the relationship. Israel
Egypt’s animal-drawn cart owners struggle as government crackdown intensifies Some animal-drawn cart owners are finding it hard to make ends meet as the Egyptian government intensifies its crackdown against them as part of its campaign to fight traffic congestion in Cairo. Egypt
Turkey welcomes back foreign cash, no questions asked Scrambling to ease a bruising hard currency crunch, the Turkish government has enacted a wealth amnesty bill that opens the door to the repatriation of shadowy money from abroad. Turkey
