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European Gas Prices Hit Three-Year High as Traders Scramble to Refill Storage

European benchmark gas futures rose as much as 3.4% on Tuesday, reaching their highest level since January 2023, as traders rushed to replenish inventories ahead of winter. The market awaits details of a potential Iran-Oman agreement on Hormuz shipping, while US strikes on Iranian tankers and an attack on Saudi energy facilities add uncertainty, boosting oil prices.

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