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Europe: benchmark gas price exceeds €70 for the first time since MarchPhoto by Peter Steiner 🇨🇭 1973 on Pexels
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Europe: benchmark gas price exceeds €70 for the first time since March

Euronews Portugal31 August 2026 at 13:47

The Dutch TTF natural gas benchmark price exceeded €70 per megawatt-hour on Monday, reaching its highest level since March. This milestone represents a significant rise in European energy markets.

The escalation of tensions between the United States and Iran is driving oil prices higher and generating concerns in European markets. Geopolitical instability in the Middle East region has been a determining factor in energy price volatility.

Fears of new delays in liquefied natural gas (LNG) exports from the Persian Gulf are contributing to price pressure. Any disruption in this strategic region could significantly impact European supply.

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