European gas prices rise modestly after uncertain peace talks

Natural gas prices in Europe slightly increased after a sluggish start to the peace talks between the United States and Iran, as President Trump issued new threats of additional strikes. Meanwhile, mediators indicated encouraging progress in the ceasefire negotiations. The market was also affected by a gas facility in Qatar being damaged by a fire, which heightened inflation pressures on global gas supplies. This comes amid expectations of increased energy consumption due to the European heatwave. European gas futures rose by 1.2%, with the market anticipating a recovery as negotiations to refill winter inventories advance.

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