Daily market report Wednesday 15 April

Prices close lower on optimism for a peace deal in the Middle East.

Daily market report Wednesday 15 April
  • Apr 16, 2026 8:02:23 AM
  • 1 minute read

Prices close lower on optimism for a peace deal in the Middle East.

 

Gas and power

Prices closed lower on Tuesday as shipping activity through the Strait of Hormuz remained largely unaffected, with the US blockade of Iranian ports entering its second day. Reports that both the US and Iran were open to restarting negotiations—potentially in Islamabad or Istanbul—raised hopes of a diplomatic resolution, putting downward pressure on prices. 

 

Adjacent markets

Global stock markets rallied on Tuesday, with traders looking towards an end to the US-Iran conflict. US stocks were helped higher by a surprise drop in producer price inflation. Oil prices fell despite the ongoing naval blockades of the Strait of Hormuz, on expectations of further ceasefire talks later this week and news that some tankers had successfully entered the Persian Gulf. 

 

  NBP (p/therm)   UK Base (£/MWh)  
  Close Day on Day Close Day on Day
May-26 108.21 -8.50 87.26 -4.43
Jun-26 106.12 -8.20 90.89 -3.14
Jul-26 104.42 -8.23 89.57 -4.50
Q3-26 104.89 -8.03 89.37 -4.45
Q4-26 107.78 -7.59 91.33 -2.64
Q1-27 106.58 -7.85 90.76 -3.59
Win-26 107.19 -7.72 90.99 -3.04
Sum-27 80.90 -4.17 70.86 -1.51
Win-27 81.12 -3.23 75.00 -1.72
Sum-28 62.04 -1.40 62.27 -1.36
Win-28 69.15 -1.57 71.32 -0.65

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