European gas prices slump amid rising economic concerns

Dutch front-month futures, Europe’s gas benchmark, fell 3.8% to €35.24 a megawatt-hour in early trading in Amsterdam on Monday

Traders are watching for a potential retaliatory strike on Israel by Iran and regional militias, which risks disrupting gas supplies to and from the region.

European natural gas prices slumped following a sell-off in oil and broader financial markets amid mounting economic concerns.

Benchmark futures slid as much as 4.5% on Monday after surging 13% last week. Global stocks plunged on signs that the US economy is on the verge of deteriorating quickly, with the rout also pushing oil contracts lower.