08/04/2026 – Middle East: A two-week truce has been announced, and Iran’s 10-point plan is being used as a basis for peace negotiations. The reopening of the Strait of Hormuz is awaited – Read more news

GAS & POWER: Trump's two-week truce announced overnight is pushing oil and gas prices into sharp downward corrections. The mediation led by Pakistan and China is expected to lead to a meeting between U.S. and Iranian delegations later this week to set up negotiations for a lasting peace. Israel's position remains to be deciphered – backward steps on the Lebanese side have been ruled out, while the immediate reopening of the Strait of Hormuz is a necessary condition for an end to the attacks.

ITALIA: ENI today announced a significant gas and condensate discovery in Egypt's eastern Mediterranean offshore, with initial estimates of approximately 56 billion cubic meters in place. The field is located 70 km offshore, close to existing infrastructure, allowing synergies for accelerated development.