MUFG
June 30, 2026
Middle East Daily
Daily UpdateCommoditiesRates CreditMacro Economic IndicatorsEnergyFinancials
The Middle East Daily report highlights a decline in energy prices as geopolitical tensions in the Strait of Hormuz subside. Meanwhile, Egypt secures new IMF funding and Morocco posts resilient Q1 growth figures.
Key Takeaways
- 1.Oil prices are experiencing their sharpest quarterly decline since 2020 due to eased supply concerns in the Strait of Hormuz.
- 2.Egypt has reached a staff-level agreement with the IMF for USD1.6bn in additional financing.
- 3.Morocco's economy grew by 4.6% y/y in Q1 2026, driven by a rebound in agriculture.
Table of Contents
- COMMODITIES / ENERGY
- MOROCCO'S Q1 GROWTH REMAINS RESILIENT
- MIDDLE EAST – CREDIT TRADING
- MIDDLE EAST – MACRO / MARKETS
- CALENDAR – DATA / EVENTS / MEETINGS
- MARKET INDICATORS
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Authors
Soojin Kim
Securities
Brent Crude
Themes
Commodity Price CorrectionGeopolitical De-escalationStructural Economic Reform
Regions
Middle EastEgyptMoroccoUnited States
