Middle East Tensions: What’s at Stake for Energy Markets April, 24 2026 Special episode Middle East tensions have once again become a major source of uncertainty for global energy markets. The Iran–Israel conflict, combined with a fragile ceasefire and continuing disruption around the Strait of Hormuz, has raised critical questions for oil, LNG, refined products,…
Iran War Drives Oil Higher as Europe Feels the Strain April 27, 2026 Oil markets react to stalled Hormuz traffic Brent crude has rebounded sharply as the situation around the Strait of Hormuz remains unresolved. On 17 April, Brent had fallen to $86.09/b following statements from Iranian authorities suggesting a reopening of the Strait. However, the US maintained its blockade of Iranian ports, and the Strait closed again almost immediately. Shipping traffic has since remained highly restricted, with even fewer ships allowed through in recent days. In the report, Brent was already at $105.33/b, up $15/b over the week. Since then, oil prices have moved even higher, with Brent now around $112/b, reflecting continued disruption in the Strait of Hormuz and the lack of progress in US–Iran relations. The market is therefore pricing two simultaneous risks. On the one hand, it does not appear to expect a full resumption of conflict, which would likely bring further damage to oil infrastructure in Iran and the Gulf states. On…
Energy Markets Brace for Prolonged Hormuz Disruption April 23, 2026 Oil above $100/b, European gas climbs, and power prices turn negative as geopolitics, weak confidence, and supply risks reshape energy markets. Energy markets remain dominated by geopolitical risk as the near‑closure of the Strait of Hormuz continues to reverberate across oil, gas, power, and carbon markets. Brent prices are holding above…
European Gas Risk Premium is easing on hopes of a cease-fire agreement in the Middle East European gas prices eased in April so far as risk premium declined, supported by hopes of a ceasefire agreement in the Middle East, steadier balances, lower storage pressure, and lighter fund positioning. Since early April, European gas prices had continued to ease as the market risk…
Understanding the EUA price correction Description February, 24 2026 Special episode Since mid January, EU carbon prices have experienced a sharp correction, falling more than 20% from highs above €90/t. This podcast dives into the key drivers behind this sudden drop: political headlines, heavy lobbying pressure, and renewed policy uncertainty ahead of the EU ETS…
