Europe Gas Jumps as Israel Prepares Response Following Attacks
- Hezbollah drone exploded next to Netanyahu’s home this weekend
- LNG, higher flows from Norway curbing further price increases
This article is for subscribers only.
European natural gas prices surged to €40 per megawatt-hour as tensions in the Middle East generated a fresh wave of market volatility.
Benchmark futures settled 2.1% higher on Monday, following gains for oil and offsetting Friday’s losses. Markets are bracing for a possible escalation in hostilities between Israel and Iran that could spark a wider regional conflict, potentially affecting supplies of the heating fuel.