LONDON, May 15 (Reuters) - European gas prices rose on Friday morning, following oil markets higher after U.S. President Donald Trump said his patience with Iran was running out, sparking concerns of renewed conflict.

The benchmark Dutch front-month contract at the TTF hub TFMBMc1 was up 1.435 euro at 49.09 euros per megawatt hour (MWh), or around $16.74 /mmBtu, at 0818 GMT, ICE data showed.

The British June contract NGLNMc1 was up 4.25 pence at 121.03 pence per therm, ICE data showed.

Trump said on Friday his patience with Iran is running out and he had agreed in talks with China's Xi Jinping that Tehran cannot be allowed to have a nuclear weapon.

“For now, the Beijing summit between President Trump and China's President Xi Jinping is not delivering any breakthrough on Iran. So, the market focus is back on the deadlock of the negotiations between the United States and Iran and the blockade of the Strait of Hormuz,” analysts at Engie Energy Scan said.

The Iran conflict has led to the near closure of the Strait of Hormuz through which roughly a fifth of the world's LNG typically passes, boosting global gas and oil prices.

Benchmark oil prices gained about 2% on Friday morning.

High oil prices are also bullish for gas because many LNG and pipeline gas contracts are index-linked to oil prices.

The geopolitical worries helped the market to shrug off bearish fundamentals for next week.

“Warmer weather forecast for next week is a major bearish driver ahead for local distribution zone consumption,” LSEG analyst Yuriy Onyshkiv said in a daily research note.

Local distribution zone demand, which includes home heating, is forecast to decline by 518 gigawatt hours/day to 1,475GWh/d for the day-ahead, LSEG data showed.

In the European carbon market, the benchmark contract CFI2Zc1 was down 0.16 euro at 74.92 euros a metric ton.