Middle East Daily

MUFG reports a decline in oil prices and an increase in gold as geopolitical tensions between the US and Iran temporarily ease. Egypt utilized this improved sentiment to successfully issue a $1bn social bond.

Key Takeaways

• 1.Oil prices retreated as President Trump postponed planned military strikes on Iran, easing immediate geopolitical supply concerns.
• 2.Egypt successfully returned to international debt markets with a $1bn social bond issuance, signaling improved investor sentiment despite regional conflict.
• 3.Gold prices gained as diplomatic hopes reduced inflation fears, even as Treasury yields remain near multiyear highs.

Table of Contents

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

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