European gas prices gain amid conflicting signals on Hormuz
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European natural-gas prices have risen over 4% due to escalating tensions in the Strait of Hormuz and the U.S. seizure of an Iranian ship, which have diminished hopes for a quick diplomatic resolution in the Middle East. The benchmark Dutch TTF front-month contract increased by 4.7% to €40.60 per megawatt hour, recovering from a decline on Friday.
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