European gas prices surge to four-month high as Middle East tensions escalate
European gas prices hit a four-month high on Monday as Middle East tensions escalate. The Dutch natural gas benchmark rose above €60 per megawatt hour after US and Iranian strikes, threatening winter supply. Analysts warn Europe's storage at 54% full may require costly state intervention if prices remain elevated and winter arrives.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 20 Jul 2026, 13:09 UTC · Updated 20 Jul 2026, 13:20 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections