European Gas Trims Gains as Traders Weigh Iran’s Hormuz Comments

European natural gas futures traded in a narrow range as traders weighed Iran’s comments on the vital Strait of Hormuz, assessing the outlook for energy shipments from the Middle East.

Iran’s new supreme leader said the key passage should remain shut, while threatening to open other fronts in the war if the US and Israel persist with their attacks. Benchmark futures briefly jumped as much as 7.7% earlier on Thursday.