European Gas Rises as Red Sea Attack Highlights Shipping Risk

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European natural gas prices rebounded after a two-day slide as more attacks on vessels in the Red Sea raised the risk of prolonged disruptions to a key shipping route.

Benchmark futures increased as much as 3.1% on Wednesday. Houthi rebels carried out one of their largest missile and drone attacks to date on commercial shipping lanes in the Red Sea, igniting a response from the US and the UK.

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