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Heatwave, Hormuz Threats and Qatar Blast Push European Gas Prices Higher

European natural gas prices rose nearly 2% amid a heatwave increasing power demand and geopolitical tensions between the U.S. and Iran affecting supply concerns. Dutch TTF Natural Gas Futures, Europe's trading benchmark, climbed to $49.04/MWh.

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Europe’s benchmark natural gas prices rose by nearly 2% on Monday morning in Amsterdam as a heatwave in Europe is raising short-term power demand and the U.S.-Iran talks continue amid conflicting messages about the negotiations and renewed threats from U.S. President Donald Trump. The front-month Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, were up by 1.75% at $49.04 (42.83 euros) per megawatt-hour (MWh) early on Monday in Amsterdam trade, reversing some of the declines from last week. The futures slumped by…

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https://oilprice.com/Latest-Energy-News/World-News/Heatwave-Hormuz-Threats-and-Qatar-Blast-Push-European-Gas-Prices-Higher.html

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