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GAS OIL Brent crude finished the week largely unchanged, holding near its highest level since July 2022. Attention remains firmly on the Middle East, with hopes of a ceasefire or peace deal between Donald Trump and Iran fading as Tehran continues to reject U.S. proposals. Investor sentiment was unsettled by Iran’s stance, despite limited tanker activity pointing to only a modest easing of export constraints. At the same time, fresh U.S. troop deployments to the Gulf and renewed Houthi threats in the Red Sea have further intensified geopolitical tensions. Consequently, Brent crude rose by 0.3% to $112.57 a barrel. March 30, 2026 0153045607590105120135150165Q2 26Q3 26Q4 26Sum26Win26Sum27p/thermChange in Gas Prices20.03.202627.03.2026909510010511011520.03.2623.03.2624.03.2625.03.2626.03.2627.03.26$/bblBrentBritish near-term gas prices slumped week-on-week as UK gas system remains well supplied, with demand below seasonal norms due to milder weather. Norwegian flows are stable and LNG sendout remains solid. As a result, NBP spot tumbled by about 11% for the week, closing at 134 p/therm. Along the forward curve, the gas price for Sum-26 delivery fell by about 9% for the week, in the absence of major new drivers, though prices remain very sensitive to any Iran conflict developments that could hint at further LNG supply cuts.