Europe’s natural gas prices hit a six-month high as Middle East tensions flare, with Iran’s retaliatory strikes and new U.S. military actions sending shockwaves through energy markets. Traders, once cautious amid unpredictable conflict, are now bracing for tighter supplies as Europe’s gas reserves dwindle and Asia’s scorching heat spikes demand for air conditioning. Geopolitical risks—like Houthi threats to block key shipping lanes—are now seen as a constant, destabilizing force in global energy flows.
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