US President Donald Trump has ruled out the possibility of long-term military action in the Middle East. The market has rekindled expectations for negotiations to restart the region's energy supply, and the rise in European gas was temporarily suspended. Natural gas futures surged 10% cumulatively in the previous three trading days, hitting a new high of more than three years, then the benchmark futures fell. At a time when a new round of conflict is driving up energy prices and markets are worried that the war will expand indefinitely, Trump said that the subsequent attack on Iran is unlikely to last long, and once again claims that the US controls the Strait of Hormuz. The European gas contract price is still more than double the pre-war level. Natural gas inventories in mainland Europe are abnormally low this winter, increasing market concerns about the intensification of global gas competition during the cold season.

US President Donald Trump has ruled out the possibility of long-term military action in the Middle East. The market has rekindled expectations for negotiations to restart the region's energy supply, and the rise in European gas was temporarily suspended. Natural gas futures surged 10% cumulatively in the previous three trading days, hitting a new high of more than three years, before falling back. At a time when a new round of conflict is driving up energy prices and markets are worried that the war will expand indefinitely, Trump said that the subsequent attack on Iran is unlikely to last long, and once again claims that the US controls the Strait of Hormuz. The European gas contract price is still more than double the pre-war level. Natural gas inventories in mainland Europe are abnormally low this winter, increasing market concerns about the intensification of global gas competition during the cold season.