European Dutch gas futures rose as much as 2% to their highest level since December 2022 amid fears of Middle East supply disruption after reports of an attack on an LNG tanker near Yemen.
FirstSquawk10/19, 02:58 PM
- 2%
- 74%
- 89%
Figures as quoted by FirstSquawk
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
Nat Gas
Would push up
DaysLow confidence
Reported attack on an LNG tanker near Yemen raises fear of supply disruption, supporting gas prices
Brent
Would push up
DaysLow confidence
Middle East shipping threat near Yemen can lift crude via a higher geopolitical risk premium
WTI
Would push up
DaysLow confidence
Same Middle East supply-risk escalation can lift crude broadly via risk premium
What could change this
Without a confirmed disruption to LNG shipments, the move reflects event risk and could fade if the threat does not materialize.
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