The European Union has indicated that oil and gas prices are unlikely to stabilize quickly, even if the conflict in Iran concludes. This statement reflects concerns over sustained supply disruptions and geopolitical risks, which can affect market sentiment and risk appetite. Natural gas and oil markets are particularly vulnerable due to their reliance on stable supply chains and the potential for ongoing tensions in the region to impact production levels. Traders will be closely watching upcoming OPEC meetings for any adjustments in production quotas that could signal shifts in supply dynamics.
EU warns oil and gas prices will not immediately return to normal even if the Iran war ends
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