European natural gas prices rose again on 16th June 2025. This increase was driven by fears of a wider conflict between Israel and Iran. Benchmark Dutch gas futures jumped as much as 2.4% after a 4.8% surge on 13th June. They reached their highest level since early April.

The main concern is that the conflict could disrupt supplies through the Strait of Hormuz, a key route for global energy shipments. Although LNG deliveries remain unaffected for now, any escalation could pressure markets during Europe’s gas stockpiling season.

Israel’s recent attacks, including one on Iran’s South Pars gas field, have intensified tensions. Meanwhile, traders are also watching Norway’s gas exports closely due to seasonal maintenance, as warmer weather increases cooling demand.

In addition, the EU is expected to propose a rule on 17th June to phase out Russian gas by 2027. This will start with a ban on Russian pipeline and LNG imports from January next year.

Ask the Analyst & get instant answer about any Stock.

Unlock profitable opportunities every day! Unicorn Signals provides actionable intraday trading signals for stocks and futures. Don’t miss out – download Unicorn Signals and start winning now!