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2026-05-28 14:41:50
[Following Gulf Attacks, European Gas Prices Rise] ⑴ New attacks in the Persian Gulf have dampened expectations that the US and Iran might reopen the crucial Strait of Hormuz, causing European gas prices to rise. ⑵ On Thursday, benchmark European gas futures rose by as much as 4%, after falling the previous day. ⑶ The US launched an airstrike on an Iranian military facility and imposed new sanctions aimed at preventing Iran from profiting from ships passing through the Strait of Hormuz. ⑷ The renewed escalation of tensions has jeopardized the already fragile ceasefire agreement; uncertainty about the duration of the conflict has exacerbated market anxiety—European traders are scrambling to replenish their depleted gas reserves.
