Oil prices rose on Monday to extend gains from last week, bolstered as tensions remain high between Iran and the United States after U.S. Secretary of State Mike Pompeo said “significant” sanctions would be announced on Tehran.

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British wholesale gas prices fell on Friday as warmer temperatures curbed demand, while Dutch prices hit near 10-year lows as LNG supplies loom.

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Oil prices reversed earlier gains on Friday but benchmark Brent crude was still set for its first weekly gain in five weeks amid rising tensions in the Middle East and on hopes for a drop in U.S. interest rates that may stimulate global growth.

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British wholesale gas prices rose on Thursday morning due to an undersupplied system.

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Oil prices climbed around 3% on Thursday amid escalating tensions in the Middle East as a U.S. official said one of the country’s military drones was shot down by an Iranian missile.

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Wholesale European prompt power was mixed on Wednesday, with a holiday in parts of Germany on Thursday reducing demand and weighing on local prices, while those in France rose on forecasts for lower supply.

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British wholesale gas prices fell on Wednesday as easing demand helped balance the system after days of supply deficits.

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Oil prices extended gains into a second session on Wednesday, buoyed by rekindled hopes for a U.S.-China trade deal and potential economic stimulus from the European Central Bank (ECB).

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The British wholesale day-ahead gas price rose on Tuesday due to an undersupplied system.

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Oil prices fell for a second day on Tuesday on signs that global economic growth is being hit by the U.S.-China trade war, although losses were limited by tensions in the Middle East after last week’s tanker attacks.

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