European natural gas prices have risen sharply following recent strikes in Iran and growing concerns over disruption to regional energy supplies.
Markets opened with strong gains — gas benchmarks in Europe climbed significantly as traders reacted to instability in the Gulf and fears that global liquefied natural gas (LNG) flows could be affected. The conflict has heightened worries about supply routes through strategic waterways, including the Strait of Hormuz, which handles a large share of global energy shipments. Analysts say the risk of disrupted exports is pushing up costs for energy buyers, especially as gas storage levels in parts of Europe remain relatively low compared with last year.
According to reports, European gas prices have risen by more than 22% in recent trading sessions as geopolitical tensions intensify. The surge reflects concerns that ongoing military operations and potential interruptions to LNG and pipeline deliveries could tighten global markets and keep energy costs elevated.
Financial Times
Traders and policymakers are closely watching developments, as higher gas prices may feed into broader inflationary pressures and affect households and industries across the continent.
European gas prices jump by over 22% amid the US – Iran War
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