European natural gas prices recorded a fresh increase of 3.16% in today’s trading, reflecting continued pressure on global energy markets amid escalating geopolitical tensions in the Middle East.
According to Spanish newspaper La Vanguardia, gas prices in the Dutch TTF market, Europe’s benchmark index, climbed over the past month by 3.16% to reach approximately €52.23 per megawatt-hour.
The previous session had already seen a modest increase of 1.54%, with prices closing at around €50.88, based on data reported by Bloomberg.
The rise in gas prices comes alongside gains in oil markets, as Brent crude surged by about 3.6% to exceed $103 per barrel.
The increase is driven by growing concerns over potential disruptions to global energy supplies linked to rising tensions involving Iran.
Analysts attribute the latest price movements to heightened geopolitical risks in the Middle East, particularly fears surrounding the impact of any escalation on key energy transit routes such as the Strait of Hormuz.
Market experts believe the current trend signals persistent uncertainty, with energy prices becoming increasingly sensitive to political and military developments, a factor likely to sustain volatility in the near term.
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