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Energy markets open week higher amid uncertainties related to Iran war

ENGLISH 20.04.2026 - 11:23, Güncelleme: 20.04.2026 - 11:23

Energy markets open week higher amid uncertainties related to Iran war

Brent up 5.5%, WTI 6%, heating oil 5.7%, European gas 6.4%

Amid uncertainties related to the ongoing tensions in the Middle East, energy commodities started the week by increasing more than 5%. Energy prices closed last week with double-digit declines after US President Donald Trump announced that the Strait of Hormuz was completely open, while Iran's contradictory statements have caused uncertainties. Brent futures were traded for around $95 as of 0645GMT, up 5.5%, and West Texas Intermediate (WTI) soared by 6.1% to $88.9 per barrel. Natural gas prices in Europe jumped as the Dutch TTF Gas index increased by 6.4% to €41.2 ($48.4) per megawatt hour. Heating oil prices went up by 5.7% to $3.5 per gallon.

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ABONE OL

Brent up 5.5%, WTI 6%, heating oil 5.7%, European gas 6.4%

Amid uncertainties related to the ongoing tensions in the Middle East, energy commodities started the week by increasing more than 5%.

Energy prices closed last week with double-digit declines after US President Donald Trump announced that the Strait of Hormuz was completely open, while Iran's contradictory statements have caused uncertainties.

Brent futures were traded for around $95 as of 0645GMT, up 5.5%, and West Texas Intermediate (WTI) soared by 6.1% to $88.9 per barrel.

Natural gas prices in Europe jumped as the Dutch TTF Gas index increased by 6.4% to €41.2 ($48.4) per megawatt hour.

Heating oil prices went up by 5.7% to $3.5 per gallon.

#Middle East

#Energy

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