European Gas Rises 3.9% as Trump Threatens More Strikes Amid Iran Talks
Updated
Updated · Bloomberg · Jun 22
European Gas Rises 3.9% as Trump Threatens More Strikes Amid Iran Talks
3 articles · Updated · Bloomberg · Jun 22
Summary
Benchmark European gas futures climbed as much as 3.9% on Monday before trimming gains, reflecting renewed concern that Middle East tensions could disrupt energy flows.
Trump drove the early move by threatening additional strikes if Hezbollah keeps attacking Israel, while the opening phase of US-Iran peace talks appeared shaky.
Prices later eased after mediators reported “encouraging progress” in the negotiations, though traders also tracked a malfunction at a Qatari gas plant that injured dozens.
The latest swings extend weekend volatility that had already pushed TTF gas above EUR 42/MWh and Brent crude above $80 a barrel after Iran-Israel tensions flared.