UK Natural Gas Futures Rise Ahead of Trump’s Iran Deadline

2026-04-07 11:19 By Agna Gabriel 1 min. read

UK natural gas futures climbed above 130 pence per therm, as US President Donald Trump intensified threats to destroy key Iranian infrastructure if his conditions for reopening the Strait of Hormuz are not met by his 8 p.m.

Eastern Time deadline.

Trump warned that US forces could demolish “every bridge in Iran by midnight tomorrow” and render power plants “burning, exploding, and never to be used again.” He stressed that freedom of navigation through the Strait must be part of any agreement, calling its reopening “a very big priority.” The UK is particularly exposed due to limited storage and high import reliance.

Iran has threatened retaliation, which could further tighten global energy supplies.

Most Middle East LNG usually goes to Asia, but restrictions have intensified competition for the limited global pool.

Traders report that Iran has blocked all LNG carriers from passing through the strait, leaving about one-fifth of global LNG supply offline.



News Stream
UK Natural Gas Futures Rise Ahead of Trump’s Iran Deadline
UK natural gas futures climbed above 130 pence per therm, as US President Donald Trump intensified threats to destroy key Iranian infrastructure if his conditions for reopening the Strait of Hormuz are not met by his 8 p.m. Eastern Time deadline. Trump warned that US forces could demolish “every bridge in Iran by midnight tomorrow” and render power plants “burning, exploding, and never to be used again.” He stressed that freedom of navigation through the Strait must be part of any agreement, calling its reopening “a very big priority.” The UK is particularly exposed due to limited storage and high import reliance. Iran has threatened retaliation, which could further tighten global energy supplies. Most Middle East LNG usually goes to Asia, but restrictions have intensified competition for the limited global pool. Traders report that Iran has blocked all LNG carriers from passing through the strait, leaving about one-fifth of global LNG supply offline.
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