Middle East Daily

The report highlights the stabilization of oil markets following the Strait of Hormuz reopening and confirms that GCC central banks have kept interest rates steady in alignment with the US Federal Reserve.

Key Takeaways

• 1.Oil prices are declining as the US-Iran peace agreement leads to the reopening of the Strait of Hormuz.
• 2.GCC central banks maintained benchmark interest rates following the Federal Reserve's pause.
• 3.The IMF approved additional financing for Jordan, citing economic resilience and prudent policy management.

Table of Contents

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

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