- UK natural gas prices surged by almost a quarter following recent attacks by Iran on a gas hub in Qatar, raising concerns about global supply disruptions.
- Natural gas futures rocketed to 174 pence per Therm on Thursday, a 24 per cent increase, after trading between 125 and 132 pence earlier in the week.
- Britain imports a significant amount of its natural gas, and Europe's reserves are expected to be lower than usual after a cold winter.
- Chris Bryant, Minister of State for Trade, described the situation as a 'really big moment for the UK economy' and urged a push towards green energy to reduce reliance on volatile fossil fuel prices.
- The Common Wealth thinktank suggested UK household energy bills could decrease by £200 if gas no longer set electricity market prices, while Donald Trump commented on the escalating conflict.
IN FULL
