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
Iran's currency crisis shakes Rouhani’s middle-class base Following the nationwide protests led by the Iranian working class in late December, the return of fluctuations on the foreign exchange market is putting pressure on the minds of middle-class Iranians. Iran
After big boom, Turkey’s aviation sector heads for turbulence Led by national carrier Turkish Airlines, Turkey’s civil aviation sector has grown impressively since 2003, but its heyday may be over due to the strain of economic and political factors. Turkey
Turkey mulls 'national' bitcoin A government-promoted push for the "native and national" in almost every realm has reached the sphere of cryptocurrency despite Turkey's lingering mistrust of bitcoin. Turkey
Congress skeptical of Saudi nuclear energy demands Lawmakers are making it clear that any proposal to share civilian nuclear technology with Saudi Arabia must include robust nonproliferation safeguards. Saudi Arabia
Six factors driving Iran’s sudden currency devaluation A confluence of political, economic and psychological factors appears to be behind the recent plunge in the Iranian currency’s value on the free market. Iran
Anxious Turkish investors eyeing opportunities abroad Mounting political tensions, uncertainties and declining rule of law in Turkey are pushing Turkish entrepreneurs to consider investing abroad. United Arab Emirates
Turkey eyes Indian weddings to prop up tourism industry The Turkish tourism industry, scrambling to recover from its worst crisis in years, seeks to grab a share from India’s lucrative wedding market. Turkey
Questions abound as Iranians claim US Treasury licensing plane sales to Iran The US Treasury Department is reportedly finally moving on issuing the necessary licenses for airplane sales to Iran after a long period of inactivity. United States
Iran’s police step in to contain foreign currency debacle Iranian police enter the fray to contain an emerging foreign exchange crisis. Iran
PA must take difficult road to financial freedom from Israel Despite deciding to sever economic ties with Israel, the Palestinian Authority has yet to show it's willing to take the difficult steps that are essential to achieving economic independence. Palestine
Iran, Azerbaijan warm up ties after years of frost While Iran and Azerbaijan have had relatively chilly relations in past decades, the two neighbors finally appear to be on the path to closer ties. Iran
Long-awaited bankruptcy law sparks optimism in Egypt The Egyptian parliament passed a new bankruptcy law to regulate the restructuring of viable but troubled companies, in a move experts say will boost the economy. Egypt
