Wire flash
Iran Sends Mixed Signals, European Gas Market Awaits Clarity
Editorial responsibility
- No named human review is recorded for this page.
- Source reporting is collected, normalized, translated or condensed automatically when needed.
- Automatically published source-backed update
European natural gas prices stabilized on Monday, with the benchmark futures contract edging up after a 9% decline last week, as traders assessed conflicting signals from the United States and Iran regarding negotiations to reopen the Strait of Hormuz. Iran stated it will not ease conditions for reopening the strait after President Donald Trump rejected its latest proposal, but Trump hinted that talks could resume this week. The strait handles about one-fifth of global liquefied natural gas (LNG) shipments, and its continued disruption is increasing competition among buyers. Europe faces growing time pressure to replenish unusually low gas inventories before the winter heating season begins, with supply uncertainty persisting as negotiations drag on.
Source report
September 28 — European natural gas prices steadied on Monday as traders weighed conflicting signals from the United States regarding negotiations with Iran over the reopening of the Strait of Hormuz.
The benchmark European natural gas futures contract edged slightly higher, following a decline of more than 9% last week.
Iran stated that it would not ease conditions for reopening the Strait of Hormuz after U.S. President Donald Trump rejected its latest proposal. However, Trump also suggested that negotiations could resume later this week.
As talks continue to stall and uncertainty over global winter gas supply grows, Europe faces increasing time pressure to replenish its unusually low natural gas inventories before the heating season begins.
The Strait of Hormuz previously handled approximately one-fifth of global liquefied natural gas (LNG) shipments. A prolonged disruption in transit through the strait could intensify competition among global gas buyers.
Source
金十数据Neutral / independent
Part of this Story
Iran president sets conditions for Hormuz talks, European gas futures jump 4.2%