Middle East markets are focused on the persistent Strait of Hormuz blockade and its potential impact on 2027 energy supply, alongside a stark performance divergence between Egyptian and Saudi equities.
Key Takeaways
- 1.Oil prices have softened slightly but remain under pressure from persistent disruptions in the Strait of Hormuz and a US naval blockade on Iranian exports.
- 2.Saudi Aramco CEO warns that mid-June is a critical deadline for reopening the Strait of Hormuz to avoid extending disruptions into 2027.
- 3.MENA equity markets are diverging sharply, with Egypt outperforming on macro reforms while Saudi Arabia faces supply and liquidity pressures.
Table of Contents
- COMMODITIES / ENERGY
- MIDDLE EAST – CREDIT TRADING
- MIDDLE EAST – MACRO / MARKETS
- CALENDAR – DATA / EVENTS / MEETINGS
- MARKET INDICATORS
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Authors
Soojin Kim
Securities
ARAMCOFABUHBrent CrudeEGX30
Themes
Geopolitical Energy DisruptionEmerging Market Equity DivergenceInflationary Rate Hike Risks
Regions
Middle EastNorth AmericaAsia PacificSaudi ArabiaEgyptUnited Arab Emirates