Kore Energy

Gas Market: UK front-month gas settled at 124.15p/therm, up 6.96p, its highest since May 19, as the US-Iran ceasefire effectively collapsed with escalating strikes in the Persian Gulf Gas Market: Trump's announced naval blockade of Iran's coastline, ports, and oil terminals, plus a 20% fee on Strait of Hormuz cargo, reignited fears over energy shipment disruptions Gas Market: The day-ahead contract rose 7.10p to 123.85p/therm, supported by the geopolitical risk premium and falling wind generation and hotter weather Power Market: GB baseload Aug-26 rose £5.90 to £108.15/MWh, driven by escalating Middle East tensions pushing up UK gas prices Power Market: Low wind generation combined with persistent high temperatures added further upward pressure to prompt prices with the DA up £5.75 to £114.75/MWh Oil Market: Oil jumped over 9% on Monday to a one-month high after the US announced a naval blockade covering all of Iran's coastline and ports starting Tuesday Oil Market: The front month Brent contract surged $7.29 day-on-day to close at $83.3 a barrel