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European gas prices hit record high
The article explains that natural gas prices in the European market have reached record highs during recent trading sessions, surpassing 80 euros per megawatt-hour, the highest level since the beginning of last year. This surge is attributed to escalating geopolitical tensions in the Middle East, particularly around the Strait of Hormuz. As a result, trading has become noticeably volatile, and concerns have grown about potential disruptions in international supply chains, adding pressure to European markets that heavily rely on energy imports. Experts confirm that price stability depends on calming the military situation and ensuring the safety of shipping routes, as potential military escalation could raise costs and increase energy inflation in the region.
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