Middle East Weekly Tracker

The proposed deal to reopen the Strait of Hormuz and establish a 60-day ceasefire has stalled over US demands on uranium enrichment, keeping Brent crude volatile around $94/bbl.

Key Takeaways

• 1.Negotiations for a 60-day ceasefire and the reopening of the Strait of Hormuz have stalled as the US demands harder terms on enriched uranium.
• 2.Oil prices (Brent) remain volatile between $90/bbl and $94/bbl, driven by a combination of deal optimism and geopolitical risk premiums following US strikes.
• 3.Real economic activity in the Strait of Hormuz is recovering significantly slower than financial market sentiment due to physical blockades and sea mines.

Table of Contents

• Conflict update
• Oil
• CDS
• Stock/other Markets
• Investment flows
• Real economy
• Market Movement
• Crude Oil Spot and Futures Market Price
• Capital Market Investment Flow
• Transportation

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