European Gas Prices Hit Four-Month High Amid Iran Talks Stalemate

WASHINGTON, United States — European natural gas prices climbed to their highest level in four months, fueled by below-normal storage levels and uncertainty surrounding U.S.-Iran nuclear negotiations. According to market data reported by Bloomberg, European gas futures rose 7 percent since last week. Storage facilities across the continent held below 41 percent capacity, with inventories declining faster than anticipated, raising concerns about supply adequacy in the coming months. U.S.-Iran nuclear talks have stalled, contributing to broader market uncertainty. Analysts say potential disruptions at the Strait of Hormuz could intensify competition for liquefied natural gas between European and Asian buyers, potentially pushing prices higher. Markets are monitoring developments in the Iran file and any signals from ongoing negotiations between Washington and Tehran.