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European natural gas climbs as supply tightness offsets elevated demand

European natural gas prices rose as U.S.-Iran escalations spurred supply fears and demand stayed elevated. Dutch TTF futures gained 2.4% in late morning European trade.

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European natural gas prices rise as U.S.-Iran escalations spur supply fears, while demand remains elevated.

The benchmark Dutch TTF contract jumps 2.4% to 71.52 euros a megawatt-hour in late morning European trade.

While limited supply out of Qatar has pushed gas prices higher, the bigger reason be…