EMEA > Compliance Markets & Taxes > Euro Markets: EUAs trade steadily either side of big jump as US extends deadline for Iran to re-open Hormuz

Euro Markets: EUAs trade steadily either side of big jump as US extends deadline for Iran to re-open Hormuz

Published 17:16 on March 23, 2026 / Last updated at 17:56 on March 23, 2026 / / EMEA (Compliance Markets & Taxes, Europe)

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European carbon allowance prices were largely steady either side of a steep jump late in the morning after the US announced it would extend a deadline for Iran to reopen the Strait of Hormuz, with prices leaping 3.2% in a few minutes before continuing to trade in a narrow range as the carbon market waited for signals from Brussels on the likely shape of various reforms to the EU ETS.
European carbon allowance prices were largely steady either side of a steep jump late in the morning after the US announced it would extend a deadline for Iran to reopen the Strait of Hormuz, with prices leaping 3.2% in a few minutes before continuing to trade in a narrow range as the carbon market waited for signals from Brussels on the likely shape of various reforms to the EU ETS.


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