MUFG
June 18, 2026
Middle East Daily
Daily UpdateCommoditiesRates CreditMacro Economic IndicatorsEnergyFinancials
The report highlights shifting energy market dynamics following the US-Iran interim peace deal and the UAE's strategic move to reduce reliance on the Strait of Hormuz. Additionally, it notes rising inflationary pressures in Jordan due to regional conflicts.
Key Takeaways
- 1.Oil prices declined following the US-Iran interim peace agreement, reducing the war-related risk premium.
- 2.The UAE is strategically accelerating infrastructure projects to reduce long-term reliance on the Strait of Hormuz.
- 3.Jordan's inflation rose to 2.8% in May 2026, driven by higher energy and import costs related to 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 CrudeWTI Crude
Themes
Geopolitical De-escalationEnergy Infrastructure DiversificationImported Inflation
Regions
Middle EastUnited StatesIranUAE