UK Natural Gas Prices Rise

AI Summary

UK natural gas prices rose above 240 pence per therm after reports of a US strike on Iran’s Qeshm Island revived concerns about conflict escalation. The increase reversed some of the previous session’s losses, which had followed easing fears amid diplomatic efforts.

UK natural gas prices rose above 240 pence per therm on Tuesday, recovering some of the previous session’s losses as reports of a US strike on Iran’s Qeshm Island stirred fresh concerns over an escalation of the conflict. Prices had tumbled more than 8% on Monday as diplomatic efforts to resolve the conflict eased fears ...