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
2018 fraught with uncertainties for Turkish economy Despite its spectacular growth this year, Turkey’s economy is burdened with serious problems and fragilities that might spoil the party next year. Turkey
Cryptocurrencies could offer Iran way around sanctions While the rise of cryptocurrencies potentially offers Iran a way around the web of sanctions, much remains to be done for the country to be able to fully take advantage of such an opportunity. Iran
Does boycotting US medication benefit Egypt? Several Egyptian companies have called on citizens to boycott American pharmaceutical companies in response to President Donald Trump’s decision to recognize Jerusalem as Israel’s capital. Egypt
Crossing opens to help rebuild Syria, boost commerce with Turkey With the opening of al-Rai border crossing in northern Aleppo, authorities there hope to develop trade activities with Turkey and later allow travelers to move freely between the two countries. Syria
Russia to import Gaza strawberries for first time As Russia prepares to import strawberries from the Gaza Strip for the first time, farmers in Gaza are considering a commercial partnership to export other agricultural products in the future. Palestine
Turkey closes door to bitcoin Against the backdrop of a global bitcoin frenzy, the Turkish government has taken a stance against cryptocurrencies. Turkey
Pharmaceutical giant's layoffs generate rage in Israel Instead of making populistic statements and pretending to save Teva workers from layoff, Prime Minister Benjamin Netanyahu must focus on major changes that help the workers who are about to lose their jobs. Israel
Congress acts to jump-start Jordan’s private sector A key House panel voted this week to establish an enterprise fund that Amman had previously resisted. Jordan
Turkey's tomato exports to Russia come at a price for Turks Turkish exporters resumed tomato sales to Russia in November after a two-year embargo, but only a month later, Turkish consumers discovered there is little to celebrate. Turkey
Turkey's 'shadowy' gold trade raises questions about Iran's involvement Unexplained rises in Turkey’s gold exports and imports have led experts to wonder whether Iran has reintroduced its trade mechanisms to circumvent international sanctions. United Arab Emirates
How Mideast turmoil boosts Turkey’s housing market Turkey enjoys a significant increase in real estate purchases by foreigners, but other foreign direct investments are on the decline. Turkey
Why is Iranian rial suddenly weakening? Inflation and other factors have caused the Iranian rial to weaken to the point where it now takes more than 40,000 rials to buy a dollar on the free market in Iran. United States
