European gas prices have risen for the third day in a row, and the war between the US and Iran has resumed, further weakening the market's hopes for the recent resumption of energy transportation in the Strait of Hormuz. Europe's benchmark natural gas futures rose 4.3% on Wednesday before recovering some of the gains. Prices are still close to the highest intraday level since January 2023, with a cumulative increase of about 10% for October contracts this week. The US launched an attack on Iran for the second day in a row, and President Trump also downplayed the possibility of passing an agreement to end the conflict, which has continued for more than six months. As a result of this war, energy supply, which accounts for about one-fifth of the world's supply, has been blocked, and transportation through the Strait of Hormuz is still close to stagnation.

European gas prices have risen for the third day in a row, and the war between the US and Iran has resumed, further weakening the market's hopes for the recent resumption of energy transportation in the Strait of Hormuz. Europe's benchmark natural gas futures rose 4.3% on Wednesday before recovering some of the gains. Prices are still close to the highest intraday level since January 2023, with a cumulative increase of about 10% for October contracts this week. The US launched an attack on Iran for the second day in a row, and President Trump also downplayed the possibility of passing an agreement to end the conflict, which has continued for more than six months. As a result of this war, energy supply, which accounts for about one-fifth of the world's supply, has been blocked, and transportation through the Strait of Hormuz is still close to stagnation.