European gas prices climb amid Iran-US talks
Natural gas prices in Europe have risen to their highest levels in a week, as the market awaits developments in shipping movements through the Strait of Hormuz and negotiations between the United States and Iran. The Dutch contract increased by 1.1%, reaching €42.57 per megawatt-hour, while its British counterpart rose by 1% to 102.02 pence per therm. This hike comes amid concerns over ongoing regional tensions and global market volatility, despite the initiation of talks between Washington and Tehran.
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