Middle East Weekly Tracker

The failure of US-Iran negotiations and a blockade of the Strait of Hormuz have pushed Brent oil prices to $105/bbl, leading to capital outflows from GCC markets.

Key Takeaways

• 1.Brent crude prices jumped 4% to approximately $105/bbl following the rejection of the US-Iran deal.
• 2.Shipping activity in the Strait of Hormuz has collapsed to nearly zero due to the US blockade and cessation of Project Liberty.
• 3.GCC stock markets are in a consolidation phase as foreign investors withdrew USD 406mn from Dubai and Saudi markets.

Table of Contents

• Conflict update:
• Oil and gas:
• CDS:
• Stock/other Markets:
• Investment flow:
• Real economy:
• Market Movement
• Policy Rate and CPI
• Stock and Bond Market
• T-Spread and CDS
• Crude Oil Spot and Futures Market Price
• Capital Market Investment Flow
• By Ownership and By Market
• Transportation
• Maritime
• Airline
• Natixis CIB Research

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