Dutch and British gas prices were flat on morning as the market waited for further developments in the Strait of Hormuz, Reuters reports.

The benchmark Dutch front-month contract at the TTF hub was flat at 40.90 per megawatt hour (MWh) or around $13.63/mmBtu, by 0829 GMT, ICE data showed.

The British June contract was up 0.30 pence at 97.48 pence per therm.

“We expect the TTF day-ahead to trade broadly sideways today, supported by the absence of fresh geopolitical developments and a stable fundamental outlook,” said LSEG analyst Yuriy Onyshkiv.