Energy prices fell sharply as geopolitical risk premia continued to unwind across the complex, with the US-Iran ceasefire holding and fresh diplomatic signals pointing to further de-escalation. Mild weather, rising wind output and healthy Norwegian supply added to the bearish tone.

Gas and power prices opened softer on Tuesday morning as geopolitical risk premia eased slightly. Rising European temperatures are trimming heating demand and supporting storage injections, while an improving wind outlook for mid-week is weighing on near-curve contracts.

Energy markets opened sharply higher on Monday after US-Iran peace talks collapsed over the weekend and the US announced a naval blockade on the Strait of Hormuz, reversing Friday's risk-premium unwind and reigniting concerns over global crude and LNG supply routes.

Markets opened softer this morning after a volatile week dominated by Middle East tensions, though the relief proved tentative as the US-Iran ceasefire showed further signs of fracturing.

Ceasefire headlines between the US, Israel and Iran drove a dramatic repricing across energy markets on Wednesday, though early Thursday trade has partially unwound the move as doubts over the agreement's durability resurface.

European energy markets sold off sharply following the announcement of a two-week US-Iran ceasefire, unwinding much of the geopolitical risk premium built through late March and Easter. Gas, power and crude all fell heavily, though the brief window of the agreement leaves significant uncertainty over whether lasting terms can be reached.

European energy markets opened sharply higher after the Easter break, driven by escalating US-Iran tensions and disruption at the Strait of Hormuz. Gains faded through the morning as mild weather and comfortable system balances tempered buying interest. Carbon moved against the trend, falling on auction pressure and holiday position-squaring.

Energy markets whipsawed through mid-week as ceasefire speculation drove heavy selling on Wednesday before a combative overnight address from President Trump reversed sentiment, sending gas and oil sharply higher in early Thursday trade.

Wholesale energy markets opened sharply lower on Wednesday morning as diplomatic signals raised cautious optimism that the Iran conflict may be nearing its conclusion. Gas and power prices fell across the curve, with geopolitical risk premia being actively unwound.

UK wholesale gas and power markets opened lower on Tuesday as prices corrected across the curve, partially unwinding the sharp gains driven by the Iran conflict through March. Diplomatic signals offered tentative hope of de-escalation, though critically low European storage levels heading into injection season continue to underpin the broader complex.

Wholesale energy markets opened the week sharply higher as a significant weekend escalation in the Middle East conflict renewed supply-side risk across oil, gas and power.

Wholesale energy markets corrected sharply higher on Thursday, breaking a four-day bearish streak as colder weather, weaker renewables and geopolitical risk across Iran and Ukraine fuelled gains. Overnight developments have since tilted bearish, with Washington extending its Iran deadline and oil prices retreating.

Energy markets reversed a four-session losing streak on Thursday morning, opening sharply higher as overnight headlines cast fresh doubt over Middle East peace talks. The geopolitical war premium reasserted itself across gas, power, oil and carbon, overriding what remain broadly bearish underlying fundamentals heading into April.

Energy markets sold off sharply yesterday as reports of a US diplomatic initiative towards Iran shifted risk sentiment across gas, power and oil. A surge in GB wind generation compounded the move, crushing day-ahead power prices and reducing gas-for-power demand.

European energy markets swung sharply lower on Monday as diplomatic signals around the Middle East conflict triggered a broad sell-off, before overnight Iranian strikes on Israel reversed sentiment and reinjected uncertainty into the complex.

European gas and power markets ended last week sharply higher as the Middle East conflict continued to escalate. Brent crude pushed above $112/bbl on Friday as the US threatened direct action against Iranian energy infrastructure, with gas and carbon also posting significant gains.

European wholesale energy markets extended their rally this week as the fallout from Iranian strikes on Qatar's Ras Laffan LNG facility reverberated across gas, power, oil and coal. Liquidity remains thin and intraday volatility elevated as traders price an uncertain geopolitical outlook heading into the weekend.

Energy markets were dominated by a dramatic escalation in Middle Eastern geopolitical risk, with Iranian missile strikes on Qatar's Ras Laffan LNG complex driving gas and power prices sharply higher. Carbon bucked the trend, falling to near eleven-month lows.

Energy markets saw broad selling on Wednesday morning despite the ongoing Iran conflict, as a sharp fall in carbon prices and milder UK weather softened near-term sentiment. A drone strike on the UAE's Shah gas field added a new layer of supply risk, though the immediate price reaction was muted.

Gas and power markets showed mixed movements on Monday as the Middle East conflict entered its third week. Risk premiums held firm despite a moderation in day-to-day volatility, with above-seasonal temperatures offering some near-term demand relief but below-average European storage and a forecast drop in wind generation keeping the market cautious.