Gas price in Europe hits 3-year highs due to Middle East conflict
Business

Gas price in Europe hits 3-year highs due to Middle East conflict

Correio da Manhã8 September 2026 at 21:59

Natural gas prices in Europe hit the highest levels in three years, driven by the Middle East conflict. The appreciation was significant since the start of hostilities in the region.

Since the start of the conflict, natural gas has risen more than 140% in Europe. This sharp rise has generated concerns among European governments and companies regarding the economic impact.

The Middle East is a strategic region for global energy markets, and any instability in the area tends to directly affect energy commodity prices worldwide.

The consequences of this price escalation are expected to be felt in energy costs for consumers and industries across Europe, at a time already marked by inflationary pressures.

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