European Gas Price Nears 100 EUR/MWh on Middle East War Escalation Fears

Dutch TTF gas futures rose over 3% to 99.50 EUR/MWh, the highest since 2023, driven by market fears of a new Middle East escalation. The Wall Street Journal reports the US warned Gulf states to prepare for a short, intense campaign post-midterms, though President Trump has not yet decided. The price surge reflects supply risk premium, with uncertainty over actual conflict scope and duration.

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