European Gas Erases Gains as Market Weighs Strike on Iran
- Futures close lower Friday, with prices steady on week
- Attention is on Strait of Hormuz, key route for Qatari LNG
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European natural gas prices erased gains as Iran appeared to downplay the impact of reported Israeli strikes and the risk of an immediate response from Tehran.
Benchmark futures fell 4.8% after gaining as much as 4.7% earlier on Friday. Prices were little changed week-on-week.