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
Turkish defense industry targeting South Asian markets Domestic demand for Turkey's defense products is reaching the saturation point, and Ankara has its eye on South Asia as the most lucrative potential market. Turkey
Border crossings deepen Baghdad-Erbil conflict Baghdad insists on taking control of the Kurdistan Region's border crossings with Turkey and Iran, while authorities in Erbil refuse to hand them over to Baghdad. Iraq
Palestine to get its own central bank The Palestinian Monetary Authority has announced that it will open the Palestinian Central Bank after fulfilling all necessary requirements, but questions remain about if and when a national currency will be issued. Palestine
Congress moves bill jeopardizing Iran nuclear deal New legislation could violate the JCPOA by impeding aircraft sales to Iran. United States
Turkey's homemade booze boom here to stay The Turkish government’s drive to discourage alcohol consumption through high taxes has led to Turks home brewing as an alternative. Turkey
Iran’s debt market emerges as key to economic future The Iranian debt market has emerged as a key venue — and battleground — for Iranian President Hassan Rouhani's administration to realize its economic aims. Iran
Gaza traders, consumers welcome end of double taxation Palestinians in the Gaza Strip hope reconciliation will bring economic relief with the end of Hamas-imposed taxes and fees on top of those paid to the Palestinian Authority on imports. Palestine
Putin, Khamenei agree they need each other Iran and Russia deepen energy cooperation; Iran has Hezbollah’s back; does the CIA have a back channel to Assad? Iraq
How Iran can address its informal economy Without massive reforms involving all three branches of government, Iran's ability to formalize vast swathes of its economy will remain a pipe dream. Iran
Turkey's leg of the Silk Road could be smoother Turkish officials are playing up the Baku-Tbilisi-Kars railway as a segment of the new Silk Road linking Beijing to London, but there are many bumps yet to come along the way. Turkey
Jordan considering recipe for revolt: lifting bread subsidies Jordan must decide whether to eliminate the government subsidy on bread to receive assistance from the International Monetary Fund. Jordan
Putin resets Iraqi energy landscape as Barzani steps aside Russian moves maximize leverage as US stumbles on Iraqi Popular Mobilization Units; Massoud Barzani resigns as Kurdistan Region president; Syria and Russia take initiative with regard to local governance in Syria. Iraq
![Yellow capped new bottles of Turkish liquor of "Yeni Raki" remain packed at a alcohol sales spot in Istanbul March 9, 2005. A Turkish alcohol company on Tuesday ordered the recall of millions of bottles of Turkish liquor as the death toll from a bootleg version of the drink rose to at least 22.[ Galip Yorgancioglu, chief executive of Mey Drinks, said the firm was recalling all 0.7-litre bottles of Tekel brand raki, a popular anise-flavoured drink. Other sizes and brands would remain on shelves. ] - PBEAHUOC](/sites/default/files/styles/article_header/public/almpics/2017/11-1/RTXNAY7.jpg/RTXNAY7.jpg?h=a5ae579a&itok=UQholvmN)
