European natural gas futures surged as much as 18% amid renewed supply and demand concerns

According to Golden Ten Data on April 13, during Monday's Asian trading session, European natural gas prices soared after Trump stated that the United States would begin a full blockade of the Strait of Hormuz. Dutch TTF futures surged as much as 18%, reaching 51.30 euros per megawatt hour. The failure of peace talks could trigger sharp volatility in the natural gas market and lead to continued global supply tightness. Although most natural gas from the Middle East typically flows to Asia, a prolonged disruption of this waterway could intensify competition for limited global LNG resources, as Europe is seeking to build up inventories before the next winter. Since the first US-Israel strike on Iran at the end of February, European natural gas prices have risen more than 50%.