European natural-gas prices surged to their highest level since late 2026, driven by concerns over potential U.S.-Iran escalation threatening LNG supplies ahead of winter. The Dutch TTF benchmark rose 3.8% to 93.43 euros per megawatt-hour, placing it on track for a nearly 7% weekly gain. Market analysts cite renewed geopolitical tensions as the primary driver behind the price spike.
The report highlights how fears of disrupted LNG flows are weighing heavily on the energy market as the colder months approach. With supply concerns mounting, traders are closely monitoring developments in the Middle East for any further impact on global gas availability.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing