Middle East & North Africa Chart Pack Middle East and North Africa Chart Pack (Apr. '26) Our Middle East & North Africa Chart Pack has been updated with the latest data and our analysis of recent developments. The Iran war will result in sharp falls in GDP in the Gulf. The closure of the... 21st April 2026 · 1 min read
Middle East & North Africa Economics Update US blockade will cut off Iran’s financial lifeline The war hasn’t caused the severe balance of payments strains in Iran that might have been expected, reflecting Iran’s continued ability to export hydrocarbons, the sharp rise in global energy prices... 15th April 2026 · 3 mins read
Commodities Update Oil: what alternatives are there to the Strait of Hormuz? Alternative export routes – pipelines and other terminals that bypass the Strait of Hormuz – are operating at close to full capacity, diverting around 4m bpd of oil exports. In total, that’s... 15th April 2026 · 3 mins read
Event Drop-In: What the Middle East ceasefire means for macro and markets 8th April 2026, 11:30AM BST There’s been a strong positive reaction to news of a two-week ceasefire between the US, Iran and Israel, but what does this mean for the economic and market outlook, and how far can conditions reco
Middle East & North Africa Economics Weekly De-escalation short-lived; Egypt committed to orthodoxy Hopes of a de-escalation between the US and Iran had been building earlier this week but were quashed by President Trump's address to the nation on Wednesday night. He said that the US would “hit them... 2nd April 2026 · 8 mins read
Commodities Weekly Iran conflict impact extends beyond energy commodities The risks to commodity prices from the conflict in the Middle East extend beyond oil and natural gas with aluminium plants in the Gulf sustaining damage. That could keep aluminium prices higher than... 2nd April 2026 · 7 mins read
Commodities Weekly Energy market meltdown; gold failing to shine The attack on Qatar’s LNG export hub, which has knocked out 3-4% of global LNG supplies, grabbed the headlines and has caused natural gas and LNG prices to spike. On the face of it, there is some... 20th March 2026 · 6 mins read
Commodities Weekly Russia sanction relief barely helps; cracks in refined markets The temporary easing of Russian oil sanctions by the US is one of several levers being pulled by policymakers to reduce oil prices from ~$100pb. But despite these efforts, prices will remain high for... 13th March 2026 · 7 mins read
Middle East & North Africa Economics Weekly Conflict will exert a heavy toll on the Gulf There remains enormous uncertainty over how the conflict in the Middle East will play out from here. But the scenarios we have laid out suggest the Gulf economies will almost certainly record negative... 12th March 2026 · 7 mins read
Emerging Markets Economics Chart Pack Emerging Markets Chart Pack (March 2026) The conflict in the Middle East will lead to sharp falls in GDP in the Gulf economies and weigh on energy importers, especially in Asia. EM energy producers outside the Gulf will see a terms-of-trade... 12th March 2026 · 1 min read
Global Economics Update Scenarios for the Iran war & the macro impact This note assesses the macro and commodity‑market implications of three potential scenarios for the Iran war. In the most benign – a severe but short‑lived conflict – the effects on GDP, inflation and... 10th March 2026 · 7 mins read
Event MENA Drop-In: The Iran conflict and the implications for Middle East economies 10th March 2026, 1:00PM GMT The Iran conflict has quickly escalated into a regional conflagration, generating significant uncertainty for economic outlooks across the Middle East.
