UK Natural Gas Prices Drop to Over 2-Week Low

2026-05-26 07:09 By Judith Sib-at 1 min. read

UK natural gas futures fell to around 114.4 pence per therm, the lowest level in more than two weeks, as traders assessed the back-and-forth developments surrounding a potential deal between the US and Iran.

The US military reportedly carried out fresh strikes against Iranian targets near the Strait of Hormuz, which a military spokesperson described as acts of self-defense.

US Secretary of State Marco Rubio also noted that negotiations would take a few days as both sides continue discussions over the wording of the initial document.

Earlier, President Donald Trump stated that talks were “proceeding nicely,” but warned of more attacks if talks failed.

Although most gas from the Persian Gulf goes to Asia, the disruption has tightened global supply and intensified competition, fueling concerns in Europe as the region needs to replenish inventories before next winter.



News Stream
UK Natural Gas Prices Drop to Over 2-Week Low
UK natural gas futures fell to around 114.4 pence per therm, the lowest level in more than two weeks, as traders assessed the back-and-forth developments surrounding a potential deal between the US and Iran. The US military reportedly carried out fresh strikes against Iranian targets near the Strait of Hormuz, which a military spokesperson described as acts of self-defense. US Secretary of State Marco Rubio also noted that negotiations would take a few days as both sides continue discussions over the wording of the initial document. Earlier, President Donald Trump stated that talks were “proceeding nicely,” but warned of more attacks if talks failed. Although most gas from the Persian Gulf goes to Asia, the disruption has tightened global supply and intensified competition, fueling concerns in Europe as the region needs to replenish inventories before next winter.
2026-05-26
UK Natural Gas Prices Remain Near 6-Week High
UK natural gas futures dropped below 120 pence per therm but remained close to a six-week high, amid persistent uncertainty over the duration of supply disruptions in the Middle East. Diplomatic efforts for a peace deal between the US and Iran remained stalled, keeping tensions elevated around the Strait of Hormuz. Investors are closely monitoring shifting signals from President Donald Trump regarding fresh strikes against Tehran, which has raised concerns about a potential resumption of active hostilities. Roughly one-fifth of global LNG supply has been disrupted since the conflict began in late February, with the escalation also affecting key LNG production assets in Qatar. This has heightened concerns in Europe, as the region works to replenish gas storage ahead of next winter.
2026-05-20
UK Natural Gas Prices Ease
UK natural gas futures fell to around 121.7 pence per therm, retreating from a near six-week high, as concerns over supply disruptions eased after President Donald Trump postponed a planned strike on Iran. The delay followed appeals from Qatar, Saudi Arabia, and the UAE requested for more time to allow negotiations to continue. Reports also indicated that Iran has agreed to a long-term suspension of its nuclear program rather than a complete dismantling of its facilities. Roughly one-fifth of global LNG supply has been disrupted since the conflict began in late February, with the escalation also affecting key production assets in Qatar. This has heightened concerns in Europe, as the region works to replenish gas storage ahead of next winter.
2026-05-19