Investing.com -- Forward prices indicate that markets are currently anticipating a short-term conflict in the Middle East region, where the United States and Israel have initiated a war on Iran, Uniper CEO Michael Lewis said on Wednesday.

Lewis told journalists after presenting full-year results that while forward prices for gas and power in 2026 show a clear upward trend, the impact on prices for 2027 and 2028 was smaller or not existent.

The CEO said the company is seeing a short-term increase in gas and power prices, with no measurable price impact for 2027 and 2028. This suggests markets do not expect a long-term conflict in Iran, Lewis added.

Lewis stated that Uniper is not subject to any direct restrictions on LNG procurement and has no planned LNG deliveries from the Middle East region that would pass through the Strait of Hormuz.

The company has no supply contracts with Qatar, but still sees potential for future partnership with Qatar and the United Arab Emirates despite current events, the CEO said. Lewis added that Uniper's LNG portfolio will possibly include Middle East suppliers going forward.

Uniper CFO said the company sees very little impact on margining at the moment.

Additionally, Lewis also commented the company's Swedish operations, stating that Uniper does not want to sell Swedish activities and is not going to sell them.