Markets

European gas prices approach Iran war highs as traders fret over winter supplies

Heatwaves and bidding war with Asian buyers leave market vulnerable to Strait of Hormuz disruption

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DW NOTE

The Strait has been at near-standstill for weeks, yet European gas is only approaching crisis highs — not exceeding them. That tells you markets priced in a shooting war and got a frozen one instead. The real risk isn't the disruption traders are watching; it's the inventory draw they're ignoring while outbidding Asia in July heat.

Read the full story at Financial Times →

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European gas prices approach Iran war highs as traders fret over winter supplies

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Brent Breaks $100 for the First Time in Nearly Two Months

Bitcoin climbs as oil tops $100, equities drop after Iran strikes

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