12/10/2026 – Middle East: New escalation in the Red Sea pushes gas prices back to their highest levels since January 2023 (exceeding the 80 mark €/MWh) – Read more news

GAS & POWER: Gas markets are near recent highs this morning, the fifth consecutive session of gains after a new escalation in the Middle East over the weekend, with the attack on Riyadh airport by the Houthi army. A direct entry into the conflict by the United States in support of its Saudi partner is possible. Meanwhile, incidents in the Strait of Hormuz continued, despite statements from the US administration on Thursday evening. At the same time, on the Russia-Ukraine front, in an attempt to calm tensions, US President Trump announced over the weekend a suspension of sanctions against Moscow, with the aim of bringing new crude and diesel supplies back to international markets.

OIL: Over the weekend, the president of the International Energy Agency called on member countries to consider a new release of strategic diesel reserves to address the ongoing emergency.