European Gas Futures Rise 7% for Week as US-Iran Deal Uncertainty Fuels Prices
Updated
Updated · Bloomberg · Jun 5
European Gas Futures Rise 7% for Week as US-Iran Deal Uncertainty Fuels Prices
3 articles · Updated · Bloomberg · Jun 5
Summary
European benchmark natural gas futures rose as much as 1.3% on Friday, putting prices on track for a nearly 7% weekly gain—the first weekly advance in three weeks.
Middle East fighting intensified and uncertainty over a US-Iran peace deal remained unresolved, keeping traders focused on supply-risk sentiment.
That rebound followed a decline a day earlier, showing how quickly geopolitical headlines are driving swings in the European gas market.