European natural gas futures surged and then fell back, as investors' concerns about the impact of the latest round of conflict between Israel and Iran on the supply side eased.

In the European market at the end of Monday, ICE UK natural gas futures fell by 0.72%, closing at 89.150 pence per therm. It had risen to 93.770 pence at 19:21 Beijing time, close to the highs of 94.660 pence on April 7 and 103.260 pence on April 2. TTF benchmark Dutch natural gas futures rose by 0.67%, closing at 37.750 euros per megawatt hour. It had reached 39.300 euros at 19:44, approaching the high of 40.500 euros on April 3. ICE EU carbon emission trading permits fell by 1.45%, closing at 74.00 euros per ton, dropping from the highest level since February 17 set last Friday at 75.78 euros.