EU Gas Prices Rise to 1-Month High

AI Summary

European natural gas prices surged to €49.8 per MWh, reaching a one-month high amid escalating US-Iran tensions. Concerns about potential disruptions to LNG supplies from the Persian Gulf contributed to the 5.1% price increase and market uncertainty.

European natural gas prices climbed to €49.8 per MWh on Thursday, the highest level in a month, following a 5.1% increase in the previous session as renewed US and Iran tensions raised concerns over potential disruptions to LNG supplies from the Persian Gulf. The latest escalation came after US forces launched further strikes on Iran, ...