Natural gas prices in Europe surged by over 22% on Monday as investors kept their focus on possible disruptions in the Strait of Hormuz, after the United States and Israel launched several attacks on Iran, causing the Middle Eastern country to retaliate by hitting Israel and the US military bases in the region.
For April contracts, Dutch TTF natural gas futures sunk 22.36% to €39.15 per megawatt hour, at 8:22 am CET. For the same month's deliveries, the UK natural gas futures jumped 23.22% to 96 pence per therm at 8:18 am CET.
Meanwhile, US natural gas futures for settlements in April rose by 4.55% to $2.987 per million British thermal units (MMBtu) at 8:25 am CET.
https://breakingthenews.net/Article/European-gas-prices-soar-22-amid-Iran-crisis/65772701
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