European gas prices rose on Monday after a new round of US-Iran attacks
undermined hopes that LNG shipments via the Strait of Hormuz would resume before
the northern winter, raising the risk of further price spikes. ICE data showed
the Dutch TTF near-month contract climbed €2.42 to €69.40/MWh. ING analysts said
the attacks heightened concern of a protracted US-Iran stalemate and renewed
risk to Gulf energy flows, including potential LNG supply disruptions.