Trump threatens Iran again, European natural gas prices rise slightly

Golden Ten Data reported on June 22 that European natural gas prices rose slightly after initial talks between the US and Iran appeared to encounter difficulties—even as peace agreement negotiations continue, US President Trump has still issued threats to Iran. European natural gas prices rose slightly as the opening of US-Iran talks seemed not to go smoothly—even with peace agreement talks still ongoing, US President Donald Trump continued to issue threats. Traders are also watching key developments from major LNG exporter Qatar, where a domestic gas plant experienced a malfunction, resulting in dozens of injuries. ING strategists Warren Patterson and Eva Mansy stated in a report that, as Europe enters the latter part of its summer gas stockpiling and approaches winter, the European natural gas market will become increasingly sensitive to developments in the Middle East. The recent tensions show that reaching a more lasting agreement will be challenging, and during the 60-day ceasefire, the risk of renewed conflict is very real.