European Gas Drops on Strait of Hormuz Deal Hopes in Asia Trade

8 articles · Updated · Bloomberg · May 24

European natural gas fell in early Asian trading as markets bet the US and Iran are nearing an agreement to reopen the Strait of Hormuz.
The decline reflects easing fears over a key energy shipping chokepoint, with traders pricing in a lower risk of supply disruption if the waterway reopens.
The move points to how quickly European gas remains tied to Middle East shipping developments, even outside European trading hours.

If Iran retains control over the Strait of Hormuz, what prevents new fees from triggering the next energy crisis?

As Iran's economic lifeline, how will China's interests ultimately shape the final terms of this fragile US-Iran deal?

Beyond a temporary truce, can this deal resolve the deep-rooted US-Iran conflict without addressing the nuclear program?