B · Normal
[Iran and the United States attacked each other's oil tankers, European natural gas prices rose] September 7th, European natural gas prices rose after Iran and the United States attacked each other's oil tankers. The market is worried that supply disruptions will continue and the war in the Middle East will be difficult to end in the short term. Benchmark futures rose as much as 4.5%, approaching a three-year high, as the escalating conflict drove European natural gas prices up sharply. The global flow of liquefied natural gas is blocked, putting pressure on Europe's pre-winter storage replenishment work. The current gas storage inventory in the region is at a historical low for the same period in previous years.
Comments