European Gas Prices Surge as U.S. Imposes Naval Blockade on Iran
European gas prices surged following escalating tensions between the United States and Iran. The increase was triggered by the U.S. announcement of a naval blockade on vessels entering or leaving Iranian ports after unsuccessful ceasefire negotiations. On the Dutch gas market, prices jumped about 12% to nearly 49 euros per megawatt-hour for May delivery, with an overnight spike reaching 51 euros, up almost 18%. Brent crude oil prices rose more than 7% to above 102 dollars per barrel, while U.S. WTI crude increased over 8% to just under 105 dollars. The U.S. president declared the blockade effective immediately, with military... [Continue Reading]
Breaking-360LiveNews | 13 Apr 2026 11:54 LONDON
