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
US sanctions-busting trial fails to shock Turkish markets Turkey’s financial markets remained relatively calm in the face of bribery confessions and other allegations targeting President Recep Tayyip Erdogan. Turkey
How Egyptian public workers will stay warm this winter An initiative to allow Egyptian public sector employees to buy winter clothes and pay in installments amid soaring prices could revive the stagnating garment sector. Egypt
Israeli tech puts Iranian ride-hailing startups in bind Drivers for Iranian ride-hailing companies have been using an Israeli navigation app, causing conflict between the relatively new businesses and judicial authorities. Israel
Two years after jet crisis, do Russians really trust Turkey? Russians appear to have forgiven Turkey for its jaw-dropping decision two years ago to shoot down a Russian jet, but forgetting is another matter. Turkey
Designers bring local talent back to Beirut’s souks Development company Solidere has invited Lebanese artisans to take over empty spaces in Beirut's Gold Souk, which now hosts a fashion school, workspaces and boutiques selling local handmade products. Lebanon
Iran moves to stamp out corruption opportunities in customs The Iranian government is moving to eliminate customs evasion, a major point of revenue loss and corruption. Iran
Long road ahead for Iran’s medicinal plants industry Once the world’s top exporter of medicinal plants, Iran now faces a multitude of obstacles to keep this industry on track. Iran
Soccer politics reaches fever pitch in Iran Despite promises to promote the privatization of soccer, Iranian authorities retain a firm grip over the sport in the country. Iran
Turkey’s meat row Scrambling to rein in skyrocketing meat prices, the Turkish government has again resorted to imports of cheaper meat, angering producers in the country’s already shrinking husbandry sector. Turkey
Imprudent foreign financing could jeopardize Iran’s economy Contrary to common wisdom, not all foreign financing, especially the type currently trickling into Iran, is good for state finances and the country’s economy. Iran
Inside the world of social media advertising in Iran Entering a new phase, Iranian entrepreneurs turn to social media to boost their brands and sell products. Iran
Rising oil prices add to Turkey’s economic woes The increase in global oil prices and the depreciation of the Turkish lira are a bruising mix for Turkey, which heavily relies on imports to meet its energy needs. Turkey
