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European and Asian gas prices rose on Monday as Israeli strikes on Iranian-backed groups in Lebanon and Yemen raised fears of LNG supply disruption. TTF gained for a fourth straight session and JKM held in the mid-$13/MMBtu range.
Brent crude also rose as the US said it would send more troops to the region.
Escalation risk in the Middle East raises the chance of disrupted LNG flows and supports energy prices broadly, which tends to lift feed-input costs such as fertilizer and freight.
naturalgasintel.comJamison CocklinSep 30, 2024After 136 past bullish geopolitics events, Natural Gas moved a median +2.7% over 5 sessions (63% higher; middle half -1.8% to +8.8%), and +4.0% over 20.
After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
