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Nikkei Asia: Rising Fuel Prices Drive Japanese and European Power Futures to Four-Year Highs
According to Nikkei Asia, the de facto closure of the Strait of Hormuz has driven up prices for fuels such as liquefied natural gas (LNG), pushing Japanese and European power futures to four-year highs. The report notes that power suppliers are increasingly utilizing futures to lock in prices as a hedge against price volatility and geopolitical risks.
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