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
Foreigners take hold of Turkey’s food sector Amid a series of high-profile foreign takeovers in Turkey’s food industry led by Japanese investors, many are worried that the country is losing its self-sufficiency in food. Turkey
Despite Egypt's wheat self-sufficiency plan, imports increase Egypt is importing unprecedented quantities of wheat, despite a recent expansion in cultivated lands and wheat cultivation, raising doubts about the feasibility of the government's plans to achieve wheat self-sufficiency. Egypt
Cairo seeks to boost trade with Ankara, overlooking political deadlock Tarek Kabil, Egypt’s minister of trade and industry, said it is not in Egypt’s interest to hinder trade activities with Turkey. Egypt
Turkey-EU tensions spill over to customs union accord Amid mounting bilateral tensions, Germany has ruled out talks on improving Turkey’s customs union accord with the European Union, but such sanctions might have little effect on Ankara in the short term. Turkey
Anti-dumping duties may worsen Egypt's economy Experts examine the possible motivations and consequences behind anti-dumping duties imposed on imported steel by the Egyptian Ministry of Trade and Industry. Egypt
Iraq, Saudi Arabia to reopen border crossings after 27 years As Iraq and Saudi are preparing to open land border crossings between them, trade activities are likely to resume in the next few weeks. Saudi Arabia
Erdogan targets Turkish banks over economic crisis Turkey’s president is blasting banks for making what he considers to be unfairly large profits, yet he overlooks his government's role in making it possible. Turkey
The real footprint of the IRGC in Iran's economy Given the important footprint of the IRGC in the Iranian economy, the Rouhani administration appears to be confronting the Guards by co-opting them. Iran
Clouds gather over Turkish-German economic ties Exasperated over Turkey’s disregard for the rule of law and its arrest of German nationals, Berlin has raised the specter of economic sanctions against Turkey. Turkey
One year on, Turkey's coup attempt has impacted economy Turkey's state of emergency since last year's coup attempt has been instrumental in averting a serious economic crisis, while also marking a process of "wealth transfer" through the seizure of hundreds of private companies. Turkey
The Turkish economy's mysterious rebound The Turkish economy's surprise 5% growth rate in the first quarter has stirred controversy, fueled mostly by a new calculation method adopted last year. Turkey
As Trump stumbles, Turkish economy comes back from brink of crisis US President Donald Trump's underperformance on his pledges has led global funds to return to emerging economies, which helped Turkey to escape an economic crisis, though not without a growing baggage of problems. Turkey
