MUFG
May 21, 2026
Middle East Daily
Daily UpdateCommoditiesRates CreditRates Govt BondsEnergyFinancials
Middle East markets are reacting to signals of a potential US-Iran deal which has stabilized oil prices and boosted credit market sentiment. Notable regional highlights include Morocco's EUR2.25bn Eurobond issuance and the UAE-India trade volume exceeding USD 101bn.
Key Takeaways
- 1.Oil prices have stabilized as President Trump signaled the US is in the final stages of negotiations for a potential deal with Iran, which could reopen the Strait of Hormuz.
- 2.Morocco successfully returned to the Eurobond markets, raising EUR2.25bn across two tranches after regaining its investment-grade status.
- 3.The UAE-India bilateral trade surpassed USD 100bn for the second consecutive year, driven by the Comprehensive Economic Partnership Agreement (CEPA).
Table of Contents
- COMMODITIES / ENERGY
- MIDDLE EAST – CREDIT TRADING
- MIDDLE EAST – MACRO / MARKETS
- CALENDAR – DATA / EVENTS / MEETINGS
- MARKET INDICATORS
- DISCLAIMER
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Authors
Soojin Kim
Securities
EMBBrent CrudeWTI Crude
Themes
Geopolitical De-escalationRegional Trade IntegrationSovereign Credit Recovery
Regions
Middle EastAfricaUnited Arab EmiratesIndiaMorocco