Coal prices move away from peak: $145 per ton

Coal prices have retreated to roughly $145 per metric ton, pulling back from a three-year high as easing expectations of a resolution to U.S.-Iran tensions triggered sharp declines in oil and LNG prices that spilled over into coal. The pullback matters because coal had rallied alongside energy benchmarks on supply and geopolitical risk, and the reversal signals how quickly sentiment can shift across fossil-fuel markets. Traders will watch whether oil and LNG continue to slide on diplomatic progress, and whether coal demand from Asia and seasonal restocking are strong enough to hold prices near current levels.