UK Natural Gas Prices Rise Amid Middle East Tensions

2026-09-04 06:51 By Judith Sib-at 1 min. read

UK natural gas prices rose to 179 pence per therm on Friday, recovering some of the previous session’s losses as investors assessed renewed tensions in the Middle East.

The latest flare-up came after a US attack on Iran triggered retaliatory strikes on American bases across the region, fueling supply disruption fears and sending UK gas prices to their highest level in more than three years.

Although President Trump indicated that renewed strikes on Tehran would not last too long, tensions remain high around the Strait of Hormuz.

The shipping paralysis continues to hamper Gulf LNG supplies to Europe, slowing the pace of inventory replenishment.

Europe’s gas inventories for the upcoming winter remain abnormally low, raising the risk of tighter competition and leaving the region vulnerable to price spikes during colder months.

UK gas prices have climbed more than 8% this week, their fourth consecutive weekly gain.



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