UK Gas Prices Ease 2%

🇬🇧 Hellenic Shipping News (GB) —

AI Summary

UK natural gas prices fell over 2% after reports of ongoing US-Iran diplomatic negotiations, reducing fears of renewed full-scale conflict and easing market concerns.

UK natural gas prices fell over 2% to around 118.5 pence per therm on Friday, easing from a four-week high after reports that US-Iran negotiations continued despite the recent escalation in hostilities. A US official reiterated that Washington remains committed to reaching a diplomatic solution with Tehran, helping to ease fears of a renewed full-scale ...

Conflict Politics Markets Energy UK gas prices US-Iran negotiations energy market natural gas diplomacy

Read original source →