The report highlights a critical mid-June timeline for the Strait of Hormuz reopening, alongside a notable performance divergence between Egyptian and Saudi Arabian equities.
Key Takeaways
- 1.Oil prices have eased despite persistent disruptions in the Strait of Hormuz and a halt in Iranian exports due to a US naval blockade.
- 2.Saudi Aramco CEO warns that mid-June is a critical deadline for reopening the Strait of Hormuz to avoid energy market disruptions extending into 2027.
- 3.Regional equity markets are diverging sharply, with Egypt's EGX 30 significantly outperforming Saudi Arabia's Tadawul in 2026.
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
Brent CrudeWTI CrudeXAUARAMCOEGX 30FABUH
Themes
Strait of Hormuz Geopolitical RiskMENA Equity DivergenceGlobal Inflation and Central Bank Policy
Regions
Middle EastAsia PacificSaudi ArabiaEgyptUnited Arab Emirates