European Gas Prices Follow Oil Lower as Israel Weighs US Warning
- Report says Israel to avoid striking Iran oil or nuclear sites
- Traders have worried that broader conflict may disrupt supply
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European natural gas prices slumped after a report that Israel is willing to avoid striking oil and nuclear targets when it retaliates against Iran for a recent attack.
Benchmark futures tumbled as much as 4.2% on Tuesday, the most in almost a month. Brent crude oil — which some gas contracts are tied to — fell as much as 4.1% as concerns over potential supply disruptions eased.