22/04/2026 – Accelerate EU: the European Commission is today presenting its plan to tackle the current energy crisis – Read more news

GAS & POWER: The extension of the ceasefire for an indefinite period, until discussions on a potential peace agreement can resume, is keeping traffic through the Strait of Hormuz at a standstill. The announcement, made late yesterday evening directly by US President Trump, has yet to be confirmed by the other side, whilst mediating countries are pushing for a swift return to the negotiating table. Energy commodity prices remain firm this morning, against a backdrop of renewed tension.

EQUITY: The German ZEW index fell to its lowest level since December 2022 yesterday, reflecting the significant uncertainties caused by the ongoing conflict in the Middle East. On the other hand, US retail sales figures maintained the growth trend seen in previous months and exceeded analysts’ expectations.