A judge at the Tel Aviv District Court has granted a request by AnyClip to freeze legal proceedings against the company and signaled support for the appointment of a temporary trustee, CalcalisTech.com reported. The court instructed the Insolvency Commissioner to submit, within three days, a list of candidates for the role, individuals with proven experience in selling the assets and operations of technology companies, and the ability to work with creditors and potential buyers globally.

China's financial regulator advised the country’s largest lenders to temporarily suspend new loans to five refineries recently sanctioned by the US over their ties to Iranian oil, Bloomberg News reported. The National Financial Regulatory Administration (NFRA) asked banks to review their exposure and business dealings with firms, including Hengli Petrochemical (Dalian) Refinery, one of China’s largest private refiners, while awaiting further guidance. For now, banks have been guided not to extend new yuan-denominated credit, though they have also been told not to call in existing loans.

The ​Iran war has seen major central banks put interest rates on hold in April and stymied ‌an easing push in emerging economies as policymakers face inflation pressures and volatile markets, Reuters reported. Six of the central banks overseeing the 10 most heavily traded currencies left rates unchanged last month: the U.S. Federal Reserve, the European Central Bank and the Bank of England, but also Canada, New Zealand and Japan. Central banks in ​Switzerland, Australia, Sweden and Norway held no rate-setting meetings.

Shipping companies said on Monday that President Trump’s offer to provide them safe passage through the Strait of Hormuz fell short of the sort of arrangements that would persuade them to make the trip, the New York Times reported. Mr. Trump said on Sunday that the United States would “guide” commercial vessels through the strait, which Iran has effectively closed since the war in the Persian Gulf started two months ago. But the president provided few details on how the program, Project Freedom, would work.

The United Arab Emirates is discussing a currency swap line with the United States, its ‌trade minister said on Monday, Reuters reported. "We have this discussion and conversation ‌with many, it's part of an elite group that the U.S. is having this swap policy ​with. They are only having it with five countries," Thani Al Zeyoudi said at a conference in Abu Dhabi. "Being part of that group means that transactions... trade, investments between both nations reach a level where that swap is highly ‌needed ... so it is ⁠an elite matter, (it) is not about bailing out," he said.

After spending recent weeks on life support, LIV Golf has lost the funding of its Saudi backers, the Wall Street Journal reported. LIV plans to tell players and staff by Thursday that Saudi Arabia’s Public Investment Fund will no longer bankroll the circuit after this season, according to people familiar with the matter. The move sounds the death knell for the upstart that sowed chaos in professional golf by plowing billions into the sport and poaching A-list players. The writing had been on the wall for nearly a month.

The United Arab Emirates’ decision to withdraw from OPEC did more than deliver a shock to the cartel that has long ruled the global oil market. It also rang the opening bell for the new geopolitical order that the war with Iran is ushering in across the Middle East, the Wall Street Journal reported. The new alignment is redrawing political fault lines between the Arab world and Israel that defined the region for decades.