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
What's behind Iran's massive capital flight? While a large amount of hard currency has left Iran in the years since the implementation of the nuclear deal, the picture is more complex than a simple case of investors rushing to move their capital outside the country. Iran
Iran MPs call on Central Bank governor to resign as rial plummets Iranian President Hassan Rouhani and Central Bank Gov. Valiollah Seif have come under heavy fire over the sudden devaluation of the rial. Iran
Turkey to lower price of citizenship for foreign investors Disappointed by the impact of a citizenship incentive offered to foreign homebuyers last year, Ankara is expected to lower the bar from $1 million to $300,000. Turkey
Iran raises minimum wage in concession to workers Iranian laborers are set to receive an almost 20% increase in the minimum wage in a concession from the authorities. Iran
What's really driving currency depreciation in Iran? Rather than an indicator of a poor economy, the devaluation of the Iranian currency is the result of investment behavior, and what we are witnessing now looks more like a bubble. Iran
Turkey’s economic woes open cracks in government ranks Amid failing efforts to halt the slump of the Turkish lira, President Recep Tayyip Erdogan and senior Cabinet members appear increasingly at loggerheads over how to keep the economy afloat. Turkey
Beirut renames seaside avenue after Saudi benefactor Will King Salman Avenue bring Lebanon more Saudi tourists, or does it just represent the failures of the Lebanese political system? Saudi Arabia
Rumors of Turkish deputy PM's departure spook markets The Turkish lira took a tumble amid reports that Mehmet Simsek, the deputy prime minister in charge of Turkey's economy, had resigned. Turkey
Energy, military cooperation dominate Putin’s visit to Turkey Turkey anticipates even deeper ties with Russia as the two countries embark on massive development projects and a major military contract. Turkey
Moroccan government lashes out at protest organizers in mining town The Moroccan government has accused Islamist and leftist movements of being behind the ongoing protests in the city of Jerada. Morocco
Turkey’s impressive growth rate has dark side Turkey has posted a spectacular 7.4% growth rate for 2017, but other key economic indicators suggest there is little to celebrate. Turkey
Jordan, Turkey mending fences over trade agreement dispute During a time of shifting alliances, Ankara views Jordan as an important potential ally — which no doubt has been a factor in Turkey's decision to renegotiate a free trade pact that Amman says favors Turkey. Saudi Arabia
