Global Gas Prices Slide Amid Renewed Hopes for Middle East Diplomacy

Global natural gas prices declined on Monday due to ongoing diplomatic efforts and renewed hopes for peace in the Middle East, despite deepening supply risks. The decrease comes ahead of a series of high-level meetings between global leaders this week.

The Houthi attacks on Red Sea shipping routes pose a significant threat to the region's energy infrastructure, while Qatar's LNG repairs could take years to complete, according to recent reports.