Natural Gas is trading 3.04% up at $2.74 after reports of renewed U.S.-Iran hostilities and Strait of Hormuz disruptions intensified concerns about global LNG and tanker supplies.
- European natural-gas futures reportedly surged as traders priced in greater risks to gas shipping.
- Oil also moved higher on unresolved Iran-related tensions.
- The move follows the August 7 news about potential strikes on Iranian energy infrastructure.