European natural gas prices climbed 4.6% after the U.S. military struck targets in Iran, reopening uncertainty around a potential peace deal and the Strait of Hormuz. The benchmark Dutch TTF front-month contract rose to 47.57 euros per megawatt hour as traders repriced supply risk. QatarEnergy extended a force majeure clause on several LNG deliveries, compounding the disruption.

Italy's Edison confirmed it received a further extension of the force majeure notice from QatarEnergy covering five additional LNG cargoes. The extra cargoes follow Iranian attacks that damaged facilities earlier this year, leaving European buyers scrambling for alternative supply during a period of heightened geopolitical tension.

For buyers across Europe, the price surge signals continued vulnerability to Middle East disruptions. With the Strait of Hormuz still uncertain and LNG supply chains under stress, near-term contracts will likely stay elevated until clearer signals emerge on diplomatic progress or new supply routes.