Gas prices spike amid fears of Middle East supply shock

2026-03-02 - 13:23

European benchmarks have leapt over 50% as fighting increases shipping risks through the crucial Strait of Hormuz Gas markets around the world were rattled on Monday, with benchmark European natural gas prices rising sharply and broader energy markets on edge after Middle East tensions increased the risk to supplies via the critical Strait of Hormuz. DETAILS TO FOLLOW