Prices broke out to new highs, with gas passing its March peak and both curves finishing the week at levels last seen in 2023. Fighting resumed after a month-long lull. A tanker was hit in the strait on Monday, and on Tuesday the US struck targets in Iran, one of which hit a wedding in…

Prices steadied near their recent highs, finishing the week slightly up after threeweeks of strong gains. The US announced a sweeping new sanctions packageagainst Iran, while Tehran approved transit fees for ships using the strait andthreatened to seize vessels that ignore them. Omani mediation continuedmidweek and briefly cooled prices, but the truce window has now…

Prices rose every session, with gas closing the week at its highest since the initial Marchspike and power going further, ending at levels not seen in nearly three years.The two-month window for peace talks expired on Monday without a deal, and Trumpmarked it by threatening to bomb Oman if it got in the way of…

Deal hopes faded and the heat arrived: prices jumped at the open and ground higherthrough the week, ending at their strongest since late July.The diplomacy went backwards. Trump demanded compensation from Iran as acondition for talks and signalled he would let economic pressure do the work rather thanresume strikes, while Iran answered with sweeping conditions…