War with Iran disrupts LNG via Hormuz; European gas prices hit 4-year high
Published 2 d ago6 sourcesEvidence: Reported
TTF benchmark gas briefly reached €100/MWh, a level last seen in December 2022, driven by Middle East LNG shipping disruptions tightening supply ahead of winter. The move signals sustained supply-side pressure and elevated energy costs for Europe, with uncertainty over the duration of shipping disruptions and winter demand.
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European natural gas prices have surged past €100/MWh, a level last observed in December 2022, driven by heightened Middle East tensions impacting LNG shipping and increasing winter demand. This breach signals renewed energy-cost pressures for Europe, with potential inflationary effects and implications for industrial competitiveness. Uncertainty remains regarding the duration of Middle East shipping disruptions and the severity of winter demand.
Published 2 d ago6 sourcesEvidence: Reported
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