Euro Markets: EUAs end week nearly 5% higher, bolstered by cooling demand

European carbon posted further gains on Friday, after a week that saw the benchmark contract increase by nearly 5%, with UK carbon prices up nearly 10% for the week, as news emerged that the US and Iran have reached a preliminary agreement to extend the ceasefire by 60 days, bringing hope that blockade of the Strait of Hormuz would come to an end, which led to European gas prices sliding marginally.