German and French spot power contracts rise on lower wind generation
German baseload spot contract rose 36.7% to €190/MWh; French spot up 32.8% to €194.50/MWh as wind output fell.
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German baseload spot contract rose 36.7% to €190/MWh; French spot up 32.8% to €194.50/MWh as wind output fell.
Iran's Revolutionary Guard urged Americans to reject war and vote out Donald Trump's allies in Congress as US forces withdrew from their remaining bases in Iraq. Qatar said it was working to mediate between the United States and Iran as the war continued and talks over the Strait of Hormuz remained unresolved.
Brent and WTI rose after Trump denied he was willing to ease sanctions on Iran, while Qatar said it hopes shuttle diplomacy can lead to a breakthrough. Brent was on track for a 14% monthly gain and oil shipments through Hormuz were the highest since February.
Trump said he offered Iran nothing after media reports said US officials were willing to ease sanctions and free frozen funds. Iran’s president said Tehran is ready for talks, while the foreign minister said any move to reopen the Strait of Hormuz depends on conditions being met.
Front-quarter baseload fell €3.38 (3.03%) to €108.25/MWh at 1146 GMT, while front-year shed €1.25 (1.84%) to €66.85/MWh.
LONDON, Sept 29 (Reuters) — Dutch and British gas prices fell on Tuesday morning on weak demand and hopes of a US-Iran deal as Qatari-mediated talks continue in New York. The benchmark Dutch front-month contract at the TTF hub was down €0.73 at €72.70 per megawatt hour (MWh) or around $24.16/mmBtu, by 0845 GMT, ICE dat
Iran’s Supreme Leader Ayatollah Mojtaba Khamenei mocked the U.S. on Monday, saying that Tehran’s enemies would eventually be kicked out of the Middle East amid the ongoing war with Iran. Mojtaba Khamenei Hails Guardians of the Strait of Hormuz In a post on the social media platform X, the Iranian Supreme Leader said th
Trump said he has offered Iran nothing, rejecting reports that he was willing to ease sanctions and free frozen funds. Iran said it is ready for talks on its nuclear programme and other issues, while warning against bullying or coercion.
Treasury Secretary Scott Bessent predicted that Iran’s remaining oil exports to China will conclude within the next two weeks, effectively leaving Iran in economic isolation. Bessent, in an interview with Fox News on Sunday, revealed that only approximately 15 million barrels of Iranian oil remain for delivery due to t
Iran says reopening the Strait of Hormuz depends on its conditions being met and a negotiated solution, after Trump said he rejected Tehran's proposal. A senior Iranian official said Iran would show no flexibility on its nuclear program even if the US accepted the deal.
Iranian Foreign Minister Abbas Araqchi said reopening the Strait of Hormuz depends on conditions being met and that only a negotiated solution can break the deadlock. A senior Iranian official told Reuters Iran would show no flexibility over its nuclear program even if the US accepted the proposal.
China's foreign ministry said the two sides also extended outcomes from earlier talks and set November AI discussions.
Iran says its proposal could reopen the strait and pause regional fighting within seven days if the US agrees. Reuters could not immediately confirm a Wall Street Journal report that Trump rejected the offer.
Brent crude settled at $104.32 a barrel and WTI at $92.41. Traders also weighed talk of a possible US diesel export ban and disruptions to Saudi oil flows from Houthi attacks.
Crude oil eased to around $92 a barrel on Friday after Iran called on the US to return to an interim peace deal that failed to end the war over the summer. A sequenced agreement would resemble the memorandum of understanding reached by the US and Iran in mid-June, which led to a fragile ceasefire that collapsed weeks l
U.S. stocks look set for a positive opening on Friday, with futures of the Dow Jones, S&P 500 and Nasdaq Composite rising, after closing Thursday on a mixed note. Contributing to the optimism are comments from Iranian Foreign Minister Abbas Araghchi, who proposed to reopen the Strait of Hormuz and resume talks on a nuc
US, Iran Discuss Phased Deal To Reopen Hormuz And End US Blockade - Saudi Arabia Downs Houthi Missiles Targeting Kingdom, Officials Say - Iran War Powers Measure Falls Short In Senate, Despite New GOP Support - Trump Hails 'Truly Great Friendship' With Xi Jinping - Xi Calls For 'Healthy' Competition Between China And U
EXECUTIVE SUMMARY * MNI FED: Gov Barr: Base Case Is For Further Hikes: #83aa171c-7fc4-49fd-82f5-351bcb071d96 * MNI IRAN: Security Chief Says In No Rush To Negotiate: #5df7e2ac-e490-4920-91fd-84069fe559a3 * MNI IRAN: Pezeshkian Talks On Nuclear, Hormuz & US Stance In UN Address: #c9b6854d-8cab-47cb-8646-ce411062279c * M
Cathie Wood -led investment firm ARK Invest expects oil prices to drop significantly despite uncertainty over the Strait of Hormuz and U.S.-Iran tensions, citing falling demand for oil as transportation transitions to the power grid. Oil Prices Could Drop to $30-$35 Per Barrel in the Future In an investor release by AR
The former White House communications director Anthony Scaramucci accused President Donald Trump of repeatedly declaring victory over Iran while failing to explain ongoing tensions in the region and the administration’s broader strategy. Scaramucci Slams Iran Claims On Wednesday, in a post on X, Scaramucci criticized t
US delays Iran attack for potential deal
US Pauses Iran Strikes As Oman Pursues Hormuz Transit Deal - Trump Pauses Iran Strikes As Officials Weigh Dwindling Air Defence Stocks - Netanyahu To Press Trump To Keep Watch On Iran s Nuclear Aims - Oil Prices Fall As Iran And US Pause Strikes Over Hormuz Tensions - Fed Faces Growing Pressure To Hike Rates As Price R
Bond Traders On Edge As Risks Of Fed Rate Hike This Week Mount - Fed Faces Growing Pressure To Hike Rates As Price Risks Rebound - US Pauses Iran Strikes As Oman Pursues Hormuz Transit Deal - Trump Pauses Iran Strikes As Officials Weigh Dwindling Air Defense Stocks - US And China Are Jockeying For Drone Supremacy On Mo
US Widens Strikes On Iran As Both Sides Downplay Diplomacy More Ships Change Course In Red Sea After Houthi Threats Trump Approves Landmark Nuclear Deal With Saudi Arabia Sec State Rubio: Open To Negotiations, But Iran Not Serious EU Envoys Meet To Negotiate 21st Russia Sanctions Package UK Inflation At 15M Low In Temp
Vice President JD Vance offered his perspective on the unique negotiation tactics employed by Iran and their approach towards the peace talks with the U.S. In an interview with conservative commentator Michael Knowles on Tuesday, Vance expressed his intrigue over Iran’s constant denial of ongoing peace talks while simu
President Donald Trump announced a meeting with Iran, hailing a decline in gas and oil prices. On Monday, Trump took to Truth Social to reveal that a meeting with Iran is scheduled for Tuesday, June 30, in Doha, Qatar. White House confirmed the same on X. According to Axios, the talks, initially planned in Switzerland
European nations support the US-Iran peace deal to restore regional stability and stabilize the global economy
Sen. Adam Schiff criticizes President Trump's deal with Iran, saying it benefits Tehran without providing anything in return for the US
John Bolton criticizes the US-Iran memorandum of understanding, saying it prioritizes lowering oil prices over addressing Iran's nuclear program and regional security threats
The US Senate voted 50-48 to adopt a resolution directing President Trump to end US hostilities with Iran