European Gas Prices Hit Highest Since 2022, Rise 3.8%
Dutch TTF rises 3.8%, with the benchmark on track for a nearly 7% weekly gain. The report cites fears of renewed U.S.-Iran escalation threatening LNG supply ahead of winter.
European natural-gas prices reached their highest level since late 2022, with concerns that renewed escalation between the U.S. and Iran could threaten LNG supplies ahead of winter. The benchmark Dutch TTF contract advanced 3.8% to 93.43 euros a megawatt-hour and was on track for a weekly gain of nearly 7%. Analysts…