The Middle East faces increased economic uncertainty as US-Iran conflict disrupts shipping through the Strait of Hormuz, pushing oil prices higher. Meanwhile, the UAE benefits from eased US AI export restrictions, and Saudi Arabia maintains a stable 'A+' rating from Fitch.
Key Takeaways
- 1.Oil prices have rallied following renewed US-Iran conflict and disruptions in the Strait of Hormuz.
- 2.Fitch affirmed Saudi Arabia’s 'A+' rating with a stable outlook citing fiscal and external balance sheet strength.
- 3.The US has eased AI export restrictions for UAE entities to foster strategic technology cooperation.
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 Crude
Themes
Energy Infrastructure SecurityGeopolitical RiskStrategic Tech Cooperation
Regions
Middle EastSaudi ArabiaUnited Arab EmiratesIraq