European gas prices jump as Iran tensions trigger panic buying

Wednesday, 14 January 2026

Macro bullishness abounds in European LNG, gas and power markets after US President Trump threatened to levy 25 percent tariffs on anyone who keeps doing business with Iran. Markets overreacted, with one gas broker describing the “move up on spreads for September vs October as well as Q4 vs Q1 “completely panic driven.”


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Last modified on Wednesday, 14 January 2026 10:38
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