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

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.