Europe's Gas Prices Surge: A Winter of Discontent Looms The escalating conflict between the US and Iran has sent shockwaves through global energy markets, pushing European gas prices to a four month high.
The Dutch natural gas benchmark briefly flirted with €60 a megawatt hour (MWh), a level not seen since the early days of the US Iran conflict.
The root cause of this volatility lies in the delayed recovery of Qatari liquefied natural gas exports, which have been hindered by the ongoing conflict.