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Middle East Market Intelligence Brief: Week Ending July 31, 2026
Geopolitical risks remained elevated this week as tensions around key energy corridors persisted. Diplomatic efforts continued alongside security concerns, with Iran and Oman extending discussions over the future management of Hormuz, despite Tehran rejecting Oman’s proposal for joint oversight.
Meanwhile, Saudi Arabia sought to deepen regional defence cooperation focused on safeguarding maritime routes across the Bab el-Mandeb, Red Sea, and Gulf of Aden.
Energy supply risks intensified after a drone strike reportedly set two gas vessels ablaze at Egypt’s Damietta port, reviving concerns over potential disruptions to shipping through...