Natural gas prices in Europe rise sharply after US attack on Iran
2025-06-23 13:58:59
TiranaPost
The price of natural gas in European markets has risen sharply following the United States' military intervention in Iran. In early trading on Monday, the monthly TTF contract - the main reference for gas in Europe - rose to 42.44 euros per megawatt hour (MWh), reaching its highest level since early April.
This increase comes after the American attack on Iran's underground nuclear facilities, an intervention that marks the direct involvement of the US in the conflict between Israel and Iran.
Analysts warn of serious consequences for energy markets, as tensions in the Strait of Hormuz - a key artery for the transport of oil and liquefied natural gas - could cause major disruptions in supplies.
“There is a significant risk that Iran will try to block shipments through the Strait of Hormuz,” said Warren Patterson, a commodities expert at ING Bank.
He estimates that about 20% of global liquefied natural gas trade passes through this strategic strait. Any blockage at this point could have an immediate impact on global energy markets and the world economy.
