MUFG
June 12, 2026
Middle East Daily
Daily UpdateCommoditiesMacro Economic IndicatorsRates Govt BondsEnergyFinancials
The Middle East daily highlights a cooling in energy prices following news of a potential Iran-US peace deal, alongside a steady interest rate policy from the Turkish Central Bank.
Key Takeaways
- 1.Oil prices have declined on news of a potential Iran peace deal, easing concerns about Hormuz Strait disruptions.
- 2.The Central Bank of Turkey maintained its policy rate at 37% while signaling caution regarding inflation and a slowing economy.
- 3.Non-Iranian oil flows through the Strait of Hormuz showed a 50% recovery in early June compared to May.
Table of Contents
- COMMODITIES / ENERGY
- MIDDLE EAST – MACRO / MARKETS
- CALENDAR – DATA / EVENTS / MEETINGS
- MARKET INDICATORS
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Authors
Soojin Kim
Securities
Brent CrudeWTI CrudeXAU
Themes
Geopolitical De-escalationSupply Chain ShiftsInflation vs. Growth Balancing
Regions
Middle EastTurkeyUnited StatesIran