European natural gas prices climbed by as much as 10% on Monday as investors closely monitored developments around the Strait of Hormuz, with traffic through the crucial waterway remaining subdued over the weekend amid continued uncertainty over the resumption of normal maritime flows.
Earlier today, Iran noted that Tehran was still not negotiating with Washington, adding to concerns about further disruptions to liquefied natural gas shipments.
For September contracts, UK natural gas futures surged 10.91% to go for 148.37 pence per therm at 3:42 pm CET. Dutch TTF natural gas for September deliveries jumped 8.83% to €60.89 per megawatt hour.
https://breakingthenews.net/Article/European-gas-jumps-10-amid-Hormuz-reopening-uncertainty/66889324
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