Middle East Daily

The report highlights the recovery of UAE oil exports and normalizing traffic through the Strait of Hormuz, which are weighing on energy prices. Concurrently, broader markets are experiencing a risk-off sentiment.

Key Takeaways

• 1.Oil prices declined as traffic through the Strait of Hormuz normalizes and US-Iran negotiations show progress.
• 2.Gold prices fell due to a strengthening US dollar and a broad market selloff prompted by technology stock weakness.
• 3.Morocco held its benchmark interest rate at 2.25% as economic growth strengthens and inflation moderates.

Table of Contents

• COMMODITIES / ENERGY
• MOROCCO HOLDS RATES AS GROWTH STRENGTHENS
• MIDDLE EAST – CREDIT TRADING
• MIDDLE EAST – MACRO / MARKETS
• CALENDAR – DATA / EVENTS / MEETINGS
• MARKET INDICATORS

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