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UK natural gas prices rose back above 203 pence per therm on Wednesday after falling in the previous session, returning to levels close to 2022 highs as supply concerns persist ahead of the winter heating season. Military tensions have kept the Strait of Hormuz largely inaccessible to commercial shipping, keeping Qatar
UK natural gas prices climbed above 206 pence per therm on Tuesday, their highest level since late 2022, amid intensifying disruptions around the Strait of Hormuz and concerns over still-below-normal gas inventories. The strait remains closed to most commercial traffic amid ongoing military conflict and security threat