UK gas prices jump to 2023 high on Hormuz supply fears
UK natural gas prices rose to 184 pence per therm, the highest since January 2023, as traders weighed renewed US-Iran tensions and fears of restricted traffic through the Strait of Hormuz.
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UK natural gas jumps above 180 pence/therm on US-Iran escalation
UK natural gas climbed above 180 pence a therm on Wednesday, the highest since January 2023. Escalating US-Iran hostilities raised fears of prolonged LNG supply disruption through the Persian Gulf as Strait of Hormuz flows neared a standstill.
UK natural gas jumps toward 170 pence/therm on Middle East uncertainty
UK natural gas prices rose toward 170 pence per therm, extending Friday gains and moving back toward the level last seen in January 2023 as Middle East supply risks persist.