Egypt’s government said Sunday that its natural gas imports have stopped as Israel intensified its fight against Hamas in Gaza. 

Natural gas prices in Asia and Europe stabilized Monday after declines last week. The market again braced for the possibility of a broader conflict in the Middle East. 

Egypt said Sunday that gas supplied from outside the country fell from 800 MMcf/d to zero, which exacerbated daily power outages that have been occurring there since mid-year. The country was forced to prolong the blackouts as hot weather, a lack of gas and stunted renewable output limited electricity supplies.

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Israel exports natural gas to Egypt and Jordan from the...