European Gas Futures Fall 2.3% as Traders Assess US-Iran Supply Risks
Updated
Updated · Bloomberg · Jul 9
European Gas Futures Fall 2.3% as Traders Assess US-Iran Supply Risks
3 articles · Updated · Bloomberg · Jul 9
Summary
Benchmark European natural gas futures dropped as much as 2.3% after traders reassessed supply risks following fresh hostilities between the US and Iran.
The pullback followed gains in the previous two sessions, suggesting the market is weighing immediate supply conditions against the broader Middle East flare-up.
Prices still hover near their highest level in about a month as uncertainty persists over when liquefied natural gas supplies from the Middle East will resume.