Europe Gas Resumes Gains as War Disruptions Cloud Supply Outlook

European natural gas prices resumed this week’s rally as the escalating conflict in the Middle East amplified uncertainty about disruptions to energy flows.

Benchmark futures are up around 60% since the start of this week as the war enters its sixth day with no immediate prospect of a resolution in sight. While the US has floated plans to insure and escort tankers through the Strait of Hormuz, the proposal has lacked details so far.