Attacks between the US and Iran continue to escalate, energy transportation channels in the Middle East face a greater risk of interruption, and European gas continued its six-day continuous upward trend. Affected by the continuing deterioration of the situation, transportation of liquefied natural gas in the Strait of Hormuz has basically come to a standstill. Bloomberg industry research analyst Von Hennick said that due to tight supply and “low inventories in Europe and around the world,” gas prices will continue to be supported.

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