European gas hits four-year high
Gas reached about 97 euros per MWh on fears of Middle East disruption. IEA says prices won't return to pre-war levels in 2027.
Why it matters
Raises heating and industry costs.
Background
The Iran war disrupted energy flows.
The story so far
- Europe braces for winter energy crunch as gas reserves run low
- European gas prices rise toward 90 euros on Middle East escalation
- European gas prices reach highest level since 2022
- European gas hits four-year high
- European gas tops 101 euros per megawatt-hour
- European gas tops 101 euros as winter looms
Sources
- The Guardian ↗Oct 26, 6:35 AM ET
- Yonhap (Korean) ↗Oct 26, 12:28 PM ET
- OilPrice ↗Oct 26, 9:30 AM ET
This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.