European natural gas prices inched higher after an attack on a cargo ship in the Strait of Hormuz renewed fears about safe passage through the critical waterway, Bloomberg reports.

Benchmark futures rose as much as 1.6 per cent after falling the previous two sessions. Prices have been trading in a narrow range since the start of the week. They remain more than 25pc higher than before the war started amid concerns European storage isn’t filling up fast enough before winter.