European gas prices have fallen from four-year highs, and traders assess the US government's follow-up in the Iran conflict and the possible impact on Middle Eastern gas supplies. Global supply is tight, stocks are low, and Europe and Asia are competing for gas sources. European gas prices are still close to three times that of the same period last year. The filling rate of European gas storage depots is only 75%. It is predicted that next week Europe will experience a cold wave. Demand for heating is higher than the same period all year round, putting pressure on the market.

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