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Natural gas prices in Europe rose by 2.2% to €73.67 (84 USD) per megawatt/hour, as the market awaits talks to reopen the Strait of Hormuz following Iran's calls not to relax its conditions, despite rejecting some American proposals. This comes amid European gas inventories reaching 71% of capacity, compared to an average season level of 87%, with Europe still aiming to fill its stocks before the heating season. Prices are expected to surpass €100 if supply disruptions coincide with cold waves.
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