European gas touches highest since March conflict peak as Hormuz freeze drags on

AI Summary

European natural gas prices reached their highest levels since a March 2026 conflict peak amid ongoing severe shipping disruptions through the Strait of Hormuz. The geopolitical standoff with Tehran continues to threaten Europe's winter gas supply buffers, pushing Dutch futures prices upward.

European natural gas prices surged on Friday, locking in a second consecutive week of heavy gains as severe shipping disruptions through the Strait of Hormuz and a worsening geopolitical standoff with Tehran threatened Europe’s winter supply buffers. Benchmark Dutch front-month futures advanced to their highest level since March 19, 2026 – a key milestone marked ...