Middle East Market Intelligence Brief: Week Ending July 17, 2026

The United States expanded its war against Iran by striking bridges, an airport, and logistics infrastructure, while Iran retaliated with attacks on US bases in the Gulf and renewed disruptions in the Strait of Hormuz, a critical passageway for global energy routes.

The collapse of a recent ceasefire has heightened fears of a broader regional conflict, with both sides signaling potential further escalation against critical infrastructure. The renewed fighting has disrupted shipping through the Strait of Hormuz, pushed oil prices higher, and raised concerns that Iran and its Houthi allies could threaten additional maritime chokepoints...

The Retail Rundown: Retail Focus Turns to Lent Promotions

This week in retail, attention is focused on Lent and the broader economic landscape, with inflation back in the spotlight following the latest Consumer Price Index (CPI) release. Although overall inflation showed signs of cooling, food costs continue to edge higher on a monthly basis, keeping value messaging front and center as grocers work to attract price-sensitive consumers.

With the Christian Lenten season now underway, retailers are pivoting quickly. The 40-day period of fasting and reduced meat consumption among Catholics is traditionally a tailwind for seafood, and grocers are leaning into features and promotional pricing to capture traffic...