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European gas prices surge amid fears US-Iran war will cause winter shortages

Business 1 source 1 country 🔦 Under-reported 42m ago

Benchmark hits a four-year high as oil briefly breaches $90 a barrel before easing after Tehran says talks ongoingEuropean gas prices have hit a four-month high as the escalation of the conflict in the Middle East raises fears of supply shortages this winter.The Dutch natural gas benchmark briefly rose above €60 a megawatt hour (MWh) on Monday, near the peaks seen at the start of the US-Iran conflict, after the US expanded its aerial offensive and Iran retaliated with strikes on Bahrain and Kuwait.

Summary from source
Read the full story at the source The Guardian Business · GB
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