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MUFG

July 15, 2026

Middle East Daily

Daily UpdateCommoditiesMacro Economic IndicatorsRates CreditEnergyFinancials

Regional tensions between the US and Iran are driving oil prices higher while markets evaluate the potential for prolonged supply chain disruptions. Meanwhile, Jordan is accelerating capital spending on infrastructure to support growth.

Key Takeaways

  • 1.Oil prices have risen significantly due to escalating US-Iran tensions and supply disruptions in the Strait of Hormuz.
  • 2.Gold prices remain volatile, supported by cooling US inflation data but challenged by geopolitical risks.
  • 3.Jordan's capital expenditure for development projects grew 6.6% year-on-year in the first five months of 2026.

Table of Contents

  • COMMODITIES / ENERGY
  • JORDAN INFRASTRUCTURE PROJECTS (USD M)
  • 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 riskInfrastructure development

Regions

Middle EastIranJordanEgypt