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Gas prices in Europe rise above €70 as new Middle East fighting resumesPhoto by Peter Steiner 🇨🇭 1973 on Pexels
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Gas prices in Europe rise above €70 as new Middle East fighting resumes

Euronews Portugal31 August 2026 at 13:45

Natural gas prices in Europe rose above 70 euros per megawatt-hour on Monday. The Dutch TTF natural gas benchmark price exceeded this threshold, reflecting tension in European energy markets.

The reason for this increase is related to the resumption of fighting between the United States and Iran. This conflict has rekindled investors' fears regarding new disruptions to energy supplies.

Analysts have expressed concern about potential delays in liquefied natural gas exports from the Persian Gulf. Any interruption in this region can have a significant impact on supplies to Europe.

The current context shows the vulnerability of the European energy market to geopolitical conflicts in the Middle East, a crucial region for gas exports to the European continent.

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