MUFG
June 17, 2026
Middle East Daily
Daily UpdateCommoditiesRates CreditMacro Economic IndicatorsEnergyFinancials
This report covers the impact of a potential US-Iran peace deal on regional energy markets and provides an economic update for Oman and Israel. Markets are reacting to reduced supply risks in the Strait of Hormuz while anticipating further updates from the US Federal Reserve.
Key Takeaways
- 1.Oil prices have declined due to expectations of a US-Iran agreement that could reopen the Strait of Hormuz.
- 2.Oman's economy shows resilience with projected 3.7% GDP growth for 2026, supported by higher oil revenue and fiscal discipline.
- 3.Israel's economic contraction deepened in Q1 2026 to 3.8% annualised, driven by disruptions from the regional conflict.
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 CrudeUS Treasury
Themes
Geopolitical De-escalation
Regions
Middle EastOmanIsraelUAE
