Oil and gas prices climb amid Iran strikes
Oil and gas prices rise again following renewed strikes on Iran, with the price of a barrel of West Texas Intermediate crude reaching $90.22, and Brent crude climbing to $94.65. This increase is due to American attacks on Iran and Iran’s response. Additionally, European gas prices hit their highest level in over three years, with the Dutch TTF contract reaching €74.14 per megawatt-hour, amid declining European inventories that require substantial supplies in preparation for winter.
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