Middle East Daily

The report highlights market volatility resulting from US-Iran clashes impacting oil and precious metals, alongside a narrowing fiscal deficit in Israel. It also notes signs of recovery in Gulf energy exports with Kuwait resuming cargo shipments.

Key Takeaways

• 1.Fresh US-Iran military clashes near the Strait of Hormuz have triggered oil price volatility and renewed concerns regarding global energy supply security.
• 2.Israel's fiscal deficit narrowed to 3.75% of GDP in May 2026, driven by robust tax revenue and tech-sector transactions despite high defense spending.
• 3.Kuwait has resumed crude oil exports to Asian refiners, suggesting a potential gradual improvement in Gulf energy logistics despite regional tensions.

Table of Contents

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

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