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Commodities

Natgas Prices Plummet as Diplomatic Hopes Rise

Guavy AI Editorial Team
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Natural Gas
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European natural gas prices have retreated from their recent highs after the US halted its bombing campaign against Iran, sparking hopes of a diplomatic deal.

The price drop follows a sharp surge in gas prices last week, which rose to four-month highs as the Middle East conflict continued to impact LNG supplies. Goldman Sachs had previously raised its price call for European natural gas prices due to the escalating situation.

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