24/09/2026 – Middle East Crisis: Saudi Arabia Restarts East-West Pipeline After Early September Attacks – Read More News

GAS & POWER: After a session that saw markets consolidate support in the 70€/MWh area, a return to buying is observed this morning, with prices up nearly 4% at the opening on the front-month TTF product. Yesterday, U.S. Secretary of State Marco Rubio highlighted the positive points of the Qatar-brokered meeting, but emphasized that it will take a long time and effort on both sides to reach an agreement. Despite the apparent diplomatic rapprochement, the concrete lack of progress in identifying an agreement for the reopening of Hormuz between the United States and Iran once again highlights the risks inherent in the upcoming winter season.

EQUITY: Crude oil prices only briefly tested the area below $100/bbl, returning to growth in the absence of concrete steps forward for Hormuz's reopening. The U.S. government has denied the possibility of a halt to diesel exports, but several news sources say there is a plan for a 90-day lockdown on the White House table. Yesterday, the update of US crude oil inventories was published, which grew by approximately 3 million barrels in the week ending Friday, September 18. Fuel reserves, on the other hand, are declining.