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
Iranian banks slowly reconnect to the world While Iran works to gradually reconnect its banking system to the world, major hurdles remain, even as companies find creative solutions. Iran
Palestinian reconciliation takes its toll on new PA budget The Palestinian reconciliation will require a substantial increase in the PA budget, including new hires for security and resolving the ongoing crisis involving civil servants appointed by Hamas. Palestine
Kurdish crisis could benefit Iran-Turkey-Russia energy deal As markets react to Iraq's reclamation of Kirkuk oil fields, other countries stand ready to take advantage of opportunities being created for energy producers. Iraq
Turkey does real business with virtual money Bitcoin usage is on the rise in Turkey, where businesses in various sectors, from informatics and engineering companies to pharmacies and taxi stands, have come to accept the virtual currency. Turkey
Turkey sees 'village uprising' as rural areas hit hard by liberal economic policies In rural Turkey, farmers and livestock producers are fighting back against the government's new economic policies. Turkey
Surging imports wipe out Iran’s trade surplus Rapidly increasing imports wipe out the Rouhani administration’s positive trade balance, shining a light on the need to further promote exports. Iran
Erdogan forges ahead with his 'dream' to build a canal to rival Suez The government wants to dig an artificial waterway between Istanbul’s two seas to spur economic growth, but conservationists and economists say the Istanbul Canal will prove costly for the city. Turkey
Russia's balancing act in North Africa Despite Russia's very different relations with Algeria and Morocco, Moscow takes pains to treat them the same. Algeria
Egypt hopes for economic boost from Palestinian reconciliation Economic opportunities in the Gaza Strip following the Fatah-Hamas deal could prove beneficial to Cairo, yet the fragile security situation poses potential obstacles. Palestine
Deal with Iran boosts Turkey’s hopes of trading in national currency Turkey has long sought to increase the use of its national currency in trade with Russia, China and Iran, but due to significant trade imbalances with the others, only Iran appears to offer a viable prospect. Turkey
Egyptian government making headway in fight against Cairo's 'black cloud' While finding solutions for clearing the black cloud of smog produced from burning rice straw in Cairo, the Egyptian government is hoping to simultaneously create a boon for Egypt’s economy. Egypt
Amid reconciliation efforts, Palestine sets its eyes on Gaza gas field The Palestinian Authority is deploying continuous efforts to begin excavation works in the Gaza Marine gas field off the coast of the Gaza Strip. Palestine
