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Energy Markets
21.04.2026
Oil prices rose again on Monday as tensions increased. The U.S. seized an Iranian-flagged ship, and Iran responded by closing the Strait of Hormuz. Reports of attacks on vessels and disrupted shipping raised concerns about supply. Brent crude jumped 5.6% to $95.48 per barrel, while WTI rose 7% to $89.61.
UK gas prices also climbed as the Strait closure affected LNG supply expectations. Tanker activity in the Persian Gulf remained uncertain, with ships approaching but then pulling back. The NBP spot price rose nearly 3% to 101.25 p/therm, and the Winter 2026 contract increased 3% to 102.05 p/therm.
In contrast, European electricity prices fell. Germany’s day-ahead price dropped 2.4% to 82.57 EUR/MWh due to strong solar output offsetting weaker wind. France saw a sharper fall, with prices down 65% to 16.54 EUR/MWh, helped by increased nuclear supply after an early reactor restart.
Looking further ahead, power prices showed mixed trends. Germany’s 2027 contract rose 1% to 88.84 EUR/MWh, while France’s fell slightly to 51.82 EUR/MWh. Meanwhile, European carbon prices declined, with Dec-2026 EUAs dropping about 2% to 76.13 EUR/tonne.