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European natural gas prices rose to around €80/MWh, the highest level in more than three weeks, as continued tanker attacks in the Strait of Hormuz fueled concerns over supply disruptions. Iran has sharply increased attacks on commercial and energy vessels transiting the waterway, highlighting persistent shipping risks
European natural gas prices climbed above €76/MWh on Monday, their highest level in two weeks, as ongoing security risks around the Strait of Hormuz continued to threaten LNG flows from the Persian Gulf. The waterway, which handled roughly a fifth of global oil and LNG trade before the war, has seen attacks on vessels
UK natural gas prices rose toward 194 pence per therm for a fourth session, the highest since December 2022. Strikes and retaliation involving tankers, Saudi energy facilities and shipping disruptions have raised supply concerns.