Europe woke on Thursday to another energy shock, as military attacks on critical infrastructure in Qatar and Iran sent oil and gas prices across the continent soaring to levels unseen since Russia’s invasion of Ukraine in 2022.
The continent’s benchmark natural gas price, the Dutch TTF, climbed above €70 (US$80) per megawatt hour in Thursday morning trading – its highest level since December 2022, though still well below the more than €300 peak reached in the summer of 2022.
Brent crude surged…
As war in Iran roils energy markets, Europe pays price of ‘dependency’
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