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Europe delays winter natural gas purchases in Iran-war price bet
The decision to hold off on winter procurement raises the risk of tighter supplies if the conflict does not end on the expected timeline.
Europe has delayed buying natural gas for the winter, making a calculation that the conflict involving Iran will soon be resolved and that prices will fall, according to WSJ Markets.
The outlet says the strategy leaves the continent potentially exposed to a supply crunch later in the season, given that winter demand typically requires earlier procurement to ensure adequate inventories.
Latest closeNat gas $3.008 ▲3.6%
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