European Gas Prices Jump Over 30% Following Attack on Qatari Gas Facility

The Agence France-Presse (AFP) reported that gas prices in European markets surged by more than 30% following an Iranian attack targeting a gas facility in the State of Qatar.اضافة اعلان

According to Bloomberg Economics, the price of the Dutch TTF natural gas futures—the European benchmark—jumped to €74 before retreating slightly.

This price spike comes after Iranian strikes caused "severe damage" to Ras Laffan Industrial City, the world’s largest hub for gas production and export.