Middle East Daily

Middle East markets are focused on the persistent Strait of Hormuz blockade and its potential impact on 2027 energy supply, alongside a stark performance divergence between Egyptian and Saudi equities.

Key Takeaways

• 1.Oil prices have softened slightly but remain under pressure from persistent disruptions in the Strait of Hormuz and a US naval blockade on Iranian exports.
• 2.Saudi Aramco CEO warns that mid-June is a critical deadline for reopening the Strait of Hormuz to avoid extending disruptions into 2027.
• 3.MENA equity markets are diverging sharply, with Egypt outperforming on macro reforms while Saudi Arabia faces supply and liquidity pressures.

Table of Contents

• COMMODITIES / ENERGY
• MIDDLE EAST – CREDIT TRADING
• MIDDLE EAST – MACRO / MARKETS
• CALENDAR – DATA / EVENTS / MEETINGS
• MARKET INDICATORS

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