At the end of the European market on Monday, ICE British natural gas futures rose 10.98% to 150.880 pencies/kilocalories. They have continued to rise since 14:00 Beijing time. TTF benchmark Dutch gas futures rose 12.54% to 61.400 euros/megawatt-hour. ICE's EU carbon emissions trading license fell 1.38% to 81.61 euros/ton. Iran and Oman are discussing the reopening of the Strait of Hormuz, but traders are not convinced that the agreement will quickly resume global liquefied natural gas transportation. Last weekend, Iran said it was “very close” to an agreement, but at the same time hinted that even if an agreement were reached, the Strait of Hormuz would not immediately be reopened. This has cooled the market's optimism that LNG transportation will resume rapidly, and Europe is in need of these supplies to replenish natural gas stocks.

At the end of the European market on Monday, ICE British natural gas futures rose 10.98% to 150.880 pencies/kilocalories. They have continued to rise since 14:00 Beijing time. TTF benchmark Dutch gas futures rose 12.54% to 61.400 euros/megawatt-hour. ICE's EU carbon emissions trading license fell 1.38% to 81.61 euros/ton. Iran and Oman are discussing the reopening of the Strait of Hormuz, but traders are not convinced that the agreement will quickly resume global liquefied natural gas transportation. Last weekend, Iran said it was “very close” to an agreement, but at the same time hinted that even if an agreement were reached, the Strait of Hormuz would not immediately be reopened. This has cooled the market's optimism that LNG transportation will resume rapidly, and Europe is in need of these supplies to replenish natural gas stocks.