Benchmark Dutch and British wholesale gas prices rose on Thursday morning, as US President Donald Trump vowed more aggressive strikes on Iran without committing to a specific timeline to end the war, unsettling investors worried about prolonged disruptions to global supply.
The benchmark Dutch front-month contract at the TTF hub opened 6.25 per cent higher at €50.48 per megawatt hour (MWh), before trimming gains to 3.56 per cent at €49.20/MWh, or around $16.62/mmBtu, by 0853 GMT, ICE data showed.
The British April contract was up 3.57 per cent at 124.98p per therm, after it opened 5.9 per cent higher, ICE data showed.