European natural gas tops €90/MWh, first since 2022 crisis

European benchmark natural gas prices have surpassed €90/MWh for the first time since the 2022 energy crisis, signaling renewed supply stress. Bloomberg attributes the surge to heightened risk of a new energy crisis, though specific drivers (LNG competition, storage levels, or geopolitical triggers) remain unspecified. The move suggests tightening gas balances ahead of winter, with potential knock-on effects on inflation and industrial activity across Europe.