European gas just spiked to €70/MWh.
Main driver are geopolitics:
– Iran hitting LNG terminal (Qatar risk)
– Shipping risk via Strait of Hormuz
– Europe still heavily dependent on LNG
Market is pricing fear of prolonged disruption. If this holds, energy will hold but industry overall gets squeezed.
... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
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