Stable outlook across global gas benchmarks amid mixed signals and Hormuz uncertainty

Global LNG and natural gas prices are expected to remain broadly stable over the next week, as market participants await potential developments in a second round of Iran–US talks. In Europe, mixed temperature signals—with cooler conditions in the north offsetting warmer trends in the south—are expected to keep demand balanced. In Asia, rising weather-driven demand is likely to be countered by higher nuclear output, limiting upside to prices.