UK Natural Gas Prices Move Away from 3-Year Highs in General Energy News 02/04/2026 UK natural gas futures dropped to around 123 pence per therm, retreating from a more than three year high of 156.6 in March, as traders increased bets that the Iran war could ease after President Donald Trump signaled a possible US exit within two to three weeks. He suggested a deal with Tehran may be reached but is not essential for ending the conflict. Energy markets have remained volatile since the war began, with the Strait of Hormuz largely blocked and key supply routes disrupted. Any de escalation could allow flows to gradually resume, though recovery may be slow given damage to infrastructure and uncertainty over shipping activity. About a fifth of global LNG normally passes through the strait, where traffic has nearly halted since late February. Meanwhile EU officials warned of prolonged disruption and are considering reintroducing crisis measures used during the 2022 energy shock. Source: Trading Economics 2026-04-02 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share