Energy prices in global markets fell below the pre -conflict level after the ceasefire announced by US President Donald Trump on the 12th day of the attack on Iran on June 13th.
The barrel price of Brent -type crude oil and natural gas prices in Europe, Israel’s attacks on Iran has begun since the clashes that began with a wavy course.
The day before Israel’s attack on Iran, the international reference -type Brent -type crude oil price, which ended from $ 69.65 on June 12, rose to $ 76.31 on June 13, when the attacks began. However, the first shock survived the day for $ 73.67.
In the tension that Iran responded with ballistic missiles, Brent Petroleum was closed on June 16 at $ 72.13 on June 16 with the news flow that the parties target some energy infrastructures and that Iran was open to nuclear talks.
After Trump’s call to evacuation of Iran’s capital Tehran, Brent Petrol, which was re -rise, completed on June 17 at $ 75.69.
Brent Petroleum rose to $ 76.13 on June 18th, as the markets continued to pricing risks on supply security and strategic oil routes in the region, while at the end of the day to $ 75.12.
On June 19, the seventh day of the conflicts, Brent Petroleum saw $ 77,52 during the day, which was re -rising with the concerns that the US may be involved. Brent $ 77.32 on Thursday was closed at $ 75.91 on June 20, the last trading day of the week.
Brent Petroleum tested the summit of the last five months with $ 77.81 on Monday, June 23, on Monday, June 23, following the US targeting the US nuclear facilities in Iran. However, the loss of life or serious damage to Iran’s retaliation against US bases in Qatar and Iraq was effective in re -falling prices. Brent Petroleum fell by approximately 8.5 percent on the day of the previous closing for $ 69.48.
Yesterday, on the 12th day of the tension, Trump announced after the ceasefire before the clash levels, the barrel price of Brent oil, which fell on the day of 66.86, decreased by 3.8 percent compared to the previous closing. This level corresponds to 4 percent below the $ 69.65 closing price before the conflict on June 12th.
Gas prices, who saw the summit of 3 months during the conflict, fell hard with the ceasefire
In the Netherlands -based Virtual Natural Gas Commercial Point, which has the highest depth in Europe, TTF, the gas prices in July futures contracts, closed from 36.17 euros per megawattaat the day before Israel’s attack on Iran, while the attack took place on 13 June.
Prices were traded at 37,90 euros on 16 June, while on June 17, 39.30 euros. On June 18, it fell to 38.69 euros with a slight decrease.
On June 19, when the tension has climbed and the US concerns may be involved in conflicts, natural gas prices reached 41.62 euros per megawatts and closed at the highest level since the beginning of the conflict. Thus, gas prices in Europe have reached the highest level since March 31st.
On June 20, the last trading day of the last week, prices decreased to 40.92 euros, while the first trading day of the week was 40.52 euros per June 23. Following the Israeli-Iranian ceasefire announced yesterday by Trump, gas prices fell by about 12.1 percent compared to the previous closing 35.61 euros. This level corresponds to 1.5 percent of the closing price of 36.17 euros before the conflict.
Although the ceasefire to end conflicts alleviates the concerns of supply and supply in global energy markets, concerns that the agreement can be broken at any time.