European benchmark gas futures have risen above €85 a megawatt-hour on Wednesday 11 November, Bloomberg reports. The move follows a 2.7% gain in the previous session.
Bloomberg says traders weighed little progress in talks, continuing attacks on tankers in the Strait of Hormuz this week and Iranian denials that negotiations are taking place.
Citing IRNA, Bloomberg reports that Tehran's top security official denied that there are ongoing negotiations with the US.
The rise in gas comes alongside the rebound in oil earlier on Wednesday, when Brent climbed to $92.53 a barrel after Tuesday's lowest settlement since August.