Japanese automakers Nissan and Honda entered a deal to jointly develop computer parts and software for vehicles set to enter the market in fiscal 2029, both sides said Monday.

Under the deal, Nissan, based in the port city of Yokohama, and Tokyo-based Honda will share standardized parts in "core ECUs," or electronic control units, as well as software.

Shares were mixed in Europe and Asia and U.S. futures declined Monday on expectations that the U.S. Federal Reserve may raise interest rates soon.

In early European trading, Germany's DAX lost 0.9% to 26,339.04, while the CAC 40 in Paris edged 0.1% lower, to 8,390.43. Markets in Britain were closed for a bank holiday.

The U.S. Treasury Department is due to cut off a major Egyptian bank's operations in the United Arab Emirates from the U.S. financial system, an official said Friday, as Washington pushes to choke Iran off economically.

The move impacts UAE branches of Egypt's second-largest bank, Banque Misr, blocking their banking access to U.S. financial institutions.

President Donald Trump said Friday his administration has reached a huge oil deal with Venezuela that gives the United States majority control of 65 billion barrels of proven petroleum reserves.

Iran's economy, already strained by high inflation, years of Western sanctions and a war that has sharply reduced oil revenue, is poised for more instability as the Trump administration tries to coerce other countries into ending all financial dealings with the Islamic Republic.

A decision by the United Arab Emirates to suspend trade relations with Iran last week kick-started the White House's latest attempt to isolate Tehran into submission. Iran entered the war with its foreign commerce concentrated among a relatively small group of countries, leaving it with fewer places to turn now.

U.S. President Donald Trump says his country does not need Canada. But every day, roughly 4 million barrels of Canadian crude oil flow south, helping fuel American cars, trucks and airplanes and supply U.S. industry.

And oil is only the beginning.

As Canada moves to reduce its dependence on American military suppliers, the push is on display inside a Toronto garment factory.

Hunched over sewing machines, two workers rapidly stitch together pieces of camouflage-patterned fabric and Velcro strips. In the next room, workers snip stray threads as they inspect the finished product: helmet covers for the Canadian military.

Iran's Revolutionary Guards said on Wednesday they had agreed with Oman to share any revenues earned from transit fees in the Strait of Hormuz.

"During negotiations with Oman, some agreements were made regarding the share of each country in the waters of the Strait and the share of Iran and Oman in its revenues," said Guards spokesman Hossein Mohebi, adding that the US was "obstructing work" to finalize a deal.

Dubai International Airport, one of the world's busiest travel hubs, said Wednesday it saw a sharp drop in passengers during the second quarter as the war with Iran disrupted air travel and prompted many travelers to choose routes that avoided the Middle East.

The airport recorded 13 million passengers in the second quarter, down 31.3% in passenger traffic in the first-half of 2026 compared to the same period last year, with 31.5 million passengers

Iranian President Masoud Pezeshkian on Wednesday said that the "United States will achieve nothing" with its new round of economic sanctions, local media reported.

"Given the measures the government has undertaken, America will not achieve anything with economic pressure at this stage, just as it was unable to achieve anything in the war," Pezeshkian said, according to ISNA news agency.