UK Natural Gas Prices Move Higher

UK natural gas prices rose above 230 pence per therm on Wednesday after two consecutive days of declines, as markets assessed conflicting signals on the progress of US-Iran talks.

Qatar said on Tuesday it saw hope for an interim agreement as mediators continued exchanging proposals.

However, an Iranian official reportedly said that a deal to end the war remains out of reach.

The talks come amid continued Iranian strikes on commercial vessels in the Strait of Hormuz, while the US conducted limited defensive strikes on Iranian targets.

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