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Dow Jones — Industrial Average
FTSE 100 — UK Blue Chips
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DAX 40 — German Equities
CAC 40 — French Market Index
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Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
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Nifty 50 — India Large Cap
STI Index — Singapore Market
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IPC Index — Mexico Market
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NATGAS

European Gas Advances as Hormuz Remains Shut

European natural gas prices rose above €64 per MWh on Thursday as restrictions on shipping through the Strait of Hormuz continued to raise concerns over global LNG supplies. President Donald Trump vowed on Wednesday to impose “tremendous punishment” on countries that help or do business with Iran, ramping up economic pressure on Tehran to reopen the critical waterway. His threats came a day after he said there were no ongoing talks and that the naval blockade of Iran remained in force, while Tehran maintained that the waterway remained closed. The blockade has halted Qatari LNG deliveries, forcing European utilities to compete aggressively for available cargoes in an already tight global market. Reduced LNG inflows, combined with heatwave-driven cooling demand, have slowed Europe’s seasonal gas storage injections. This has amplified concerns that Europe could enter the winter heating season with insufficient reserves, keeping upward pressure on gas prices.

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