Middle East Daily

Middle East markets react to a fragile ceasefire between Israel and Iran, with oil prices easing while geopolitical risks persist due to the Strait of Hormuz closure.

Key Takeaways

• 1.Oil prices declined following reaffirmed ceasefire signals between Israel and Iran, though the Strait of Hormuz remains effectively closed.
• 2.The World Bank approved USD 900 million to fund Iraq's Transport Economic Corridor (ITREC) project.
• 3.ADNOC crude sales signal a gradual recovery in UAE export flows as Asian demand returns.

Table of Contents

• COMMODITIES / ENERGY
• MIDDLE EAST – CREDIT TRADING
• MIDDLE EAST – MACRO / MARKETS
• CALENDAR – DATA / EVENTS / MEETINGS
• MARKET INDICATORS

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