EXPLAINED: Why European Gas Prices Hit a 3-Year High | Times Now World

By Times Now World

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European natural gas prices have climbed to their highest level in more than three years as escalating tensions between the United States and Iran raise fears of prolonged disruption to LNG supplies through the Strait of Hormuz. Dutch TTF gas prices briefly crossed €80 per megawatt-hour, while European gas storage stood at about 67% ahead of winter, below the five-year seasonal average. With Europe competing against Asian buyers for limited LNG cargoes, a prolonged Hormuz disruption could push energy costs higher and add pressure to inflation and Europe's economy. #europe #gasprices #eugas #energycrisis #iran #iranwar #hormuz #straithormuz #lng #naturalgas #eu #europeenergy #energysecurity #wintercrisis #gascrisis #middleeast #geopolitics #oil #trump #usa #russia #timesnowworld Stay connected with Times Now World for real-time global news and analysis: 🌐 Read full coverage: https://www.timesnownews.com/world 📱 Instagram: https://www.instagram.com/timesnow.world 🐦 Follow us on X:

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