European gas prices surge amid fears US-Iran war will cause winter shortages
Benchmark hits a four-year high as oil briefly breaches $90 a barrel before easing after Tehran says talks ongoing
European 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.
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