Gas prices in Europe reach their highest level in over three years due to the war in the Middle East
World1 source1 country🔦 Under-reported15m ago
The price of natural gas for one-month delivery on the Dutch TTF market, the European benchmark, rose by more than 4% on Tuesday, exceeding 76 euros per megawatt hour (MWh). This increase marks the highest price level recorded since January 2023.
The surge in energy costs is attributed to heightened geopolitical instability in the Middle East. Market volatility is being driven by the ongoing conflict in the region and specifically rising tensions involving Iran.
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Infobae (Buenos Aires, Argentina) - Headline 1Focuses on the broad impact of the Middle East war