Coal Gains on US-Iran Tensions

2026-11-13 07:34 By Jam Kaimo Samonte 1 min. read

Coal prices climbed to around $145 per ton, recovering from two-month lows as broader energy markets strengthened amid persistent geopolitical tensions in the Middle East.

President Donald Trump stated that the US no longer need a deal with Iran and directed Vice President JD Vance to prioritize domestic matters over negotiations with Tehran.

Meanwhile, Iran continues to insist that Washington must lift its naval blockade and remove sanctions against the country before agreeing to direct peace talks.

Coal prices had previously surged to multi-year highs as elevated LNG prices, driven by the Middle East conflict, encouraged increased reliance on coal-fired power generation.

Separately, the International Energy Agency projected in September that global coal consumption would reach a record level this year, despite ongoing efforts to shift toward cleaner energy sources and the continued closure of numerous coal-fired power plants across Europe and North America.



News Stream
Coal Gains on US-Iran Tensions
Coal prices climbed to around $145 per ton, recovering from two-month lows as broader energy markets strengthened amid persistent geopolitical tensions in the Middle East. President Donald Trump stated that the US no longer need a deal with Iran and directed Vice President JD Vance to prioritize domestic matters over negotiations with Tehran. Meanwhile, Iran continues to insist that Washington must lift its naval blockade and remove sanctions against the country before agreeing to direct peace talks. Coal prices had previously surged to multi-year highs as elevated LNG prices, driven by the Middle East conflict, encouraged increased reliance on coal-fired power generation. Separately, the International Energy Agency projected in September that global coal consumption would reach a record level this year, despite ongoing efforts to shift toward cleaner energy sources and the continued closure of numerous coal-fired power plants across Europe and North America.
2026-11-13
Coal Declines Amid Weakness in Energy Markets
Coal prices fell to around $140 per ton, hitting over two-month lows as crude oil and LNG prices dropped sharply amid growing optimism that efforts to end the US-Iran conflict could gain momentum. The decline followed a Democratic sweep in the US midterm elections, which could limit military spending in the Middle East. President Donald Trump acknowledged that the war contributed to Republican defeats, while stating that there were no immediate plans to intensify attacks on Iran. Coal had previously climbed to multi-year highs as elevated LNG prices linked to the Middle East conflict encouraged greater reliance on coal-fired power generation. Meanwhile, the International Energy Agency projected in September that global coal demand would reach a record level this year, despite continued efforts to transition toward cleaner energy sources and the closure of numerous coal-fired power plants across Europe and North America.
2026-11-05
Coal Hits 24-month High
Coal increased to 152.45 USD/T, the highest since October 2024. Over the past 4 weeks, Coal gained 2.63%, and in the last 12 months, it increased 38.06%.
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