Mongolia foreign trade turnover rises 34.6% in first five months of 2026, reaching $13.4 billion. China accounts for 93.6% of exports and 38.8% of imports, data from National Statistics Office shows.

Oil prices fall 2% after US, Iran sign ceasefire agreement. The drop follows the announcement of a ceasefire between the two nations.

Oil prices fell 2% after the United States and Iran signed a ceasefire agreement, according to Reuters.

Citi drops call for two interest-rate hikes by India's central bank through March, citing an interim US-Iran peace deal that reduces oil-driven inflation risk

Economists at Citi dropped their call for two interest-rate hikes by India's central bank through March next year, saying an interim US-Iran peace deal has reduced the risk of higher oil prices fueling inflation.

Volkswagen uses sealed bids to avoid conflicts in $10B engine sale – FT

Volkswagen is resorting to sealed bids to avoid conflicts in the sale of its $10 billion engine business, according to the Financial Times.

Phoenix Tailings gets $500M conditional commitment from Pentagon's Office of Strategic Capital for domestic rare-earth processing facility.

Mining startup Phoenix Tailings received a conditional commitment for $500 million in long-term debt financing from the Pentagon’s Office of Strategic Capital to help build a domestic rare-earth processing facility.