European TTF natural gas price rose 2.1% to €44.39/MWh amid heightened Middle‑East tensions.
US seized another Iran‑linked oil tanker and released footage as Iran seized two ships in the Strait of Hormuz.
President Donald Trump announced an indefinite extension of a two‑week cease‑fire with Iran, at Pakistan’s request.
Europe also faces reduced gas output from Qatar and other Middle‑East facilities, keeping prices above pre‑conflict levels.