European natural gas prices rose to around €49.6 per MWh, recouping part of the previous session’s losses after the US carried out strikes on Iran in response to a downed helicopter.
President Donald Trump earlier accused Tehran of shooting down the aircraft, which he said was conducting patrol operations over the Strait of Hormuz, and pledged retaliation.
The new US strikes have again raised concerns about the durability of their ceasefire and ongoing peace negotiations, increasing the risk of prolonged disruptions to traffic through Hormuz, where shipping has already been constrained by blockades imposed by both sides.
This development comes after Israel and Iran agreed to suspend mutual attacks following a recent escalation in hostilities.
For Europe, attention remains focused on refilling storage facilities for next winter, with the ongoing conflict tightening global supply and intensifying competition for LNG cargoes.
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