Europe’s Gas Prices Jump as Hormuz Standoff Drags On
Europe’s benchmark natural gas prices jumped by 4% at trade open in Amsterdam on Thursday, as the United States and Iran remain distant on how to end the war and put an end to the blocked LNG shipments at the Strait of Hormuz. After surging 4% at open, the front-month price at the Dutch Title Transf
Source: OilPrice.com
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DW NOTE
Europe doesn't import gas through Hormuz — it gets LNG from the US, Qatar, and Norway, plus pipeline flows from Algeria and whatever Russia still delivers. This headline mistakes oil market psychology for actual supply exposure. European gas prices track Asian LNG competition and storage levels, not strait closures 3,500 miles away.