Euro Markets: EUAs drift steadily on pre-weekend risk reduction even as traders see bullish outlook

EU carbon prices rose for a third week despite a day-long decline on Friday as traders reduced risk ahead of the weekend, amid a noticeable improvement in bullish sentiment and a slightly calmer atmosphere in Iran as the ceasefire appeared to be holding, though energy prices were mixed, reflecting fluctuating expectations that the Strait of Hormuz will be fully reopened.