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
Why China may not come to Iran’s rescue While China remains committed to the implementation of the nuclear deal with Iran, the extent of its economic interaction with the Islamic Republic may be limited by US sanctions. United States
US exit from nuclear deal driving Russia, Iran closer Moscow and Tehran are willing to tackle multiple challenges to improve their business dealings despite US sanctions. Russia
Iraqi Kurds look to open new chapter with Iran The Iraqi Kurdish leadership forges ahead with efforts to improve ties with Iran, both in hopes of reviving their economy and also to regain lost clout in Baghdad. Iraq
Turkey stands to suffer under new US sanctions on Iran Turkey might have a tough time dealing with pending US penalties against Ankara's trading partner Iran. Turkey
Who is really driving the slump of the Turkish lira? Though the flight of foreign investors is often cited as the main factor behind the slump of the Turkish lira, official data indicate that growing distrust in the currency stems largely from domestic actors. Business
Saudi Arabia, Iran vie for economic influence in Iraq Saudi Arabia is seeking to enter the Iraqi market aggressively, along with a political presence, and increase the competition with its opponent Iran in the Iraqi arena. Saudi Arabia
How Turkey's 'doping-induced' growth backfired into hasty elections The Turkish government’s rush to hold elections in June is driven by economic woes that even its attempts at "doping-induced" growth have failed to overcome. Turkey
Egypt establishes sovereign fund The Egyptian government has moved to establish a sovereign fund as part of reforms intended to boost the economy and shrink unemployment. Egypt
Iran pushes for transparency to deal with currency instability While Iran’s push for transparency is positive, its new integrated system for hard currency transactions seems ill-prepared to manage the complexities of the Iranian currency market. Iran
Iran’s currency tensions spur crypto ban Iran’s recent move to ban cryptocurrencies is not only far from clear in its scope, but also likely a mere temporary fix amid efforts to combat capital flight. Iran
Economic disobedience looms in Gaza Gaza’s private sector is threatening to start acts of economic disobedience in a bid to pressure the Palestinian Authority and Israel into alleviating the economic crisis plaguing the enclave. Palestine
Can 'nudge theory’ change citizens’ behavior, government policy in Lebanon? An upcoming conference on behavioral economics in Beirut will examine a political tool that could shape national policies and improve public services. Lebanon
