European gas prices surge amid fears US-Iran war will cause winter shortages

Benchmark hits a four-year high as oil briefly breaches $90 a barrel before easing after Tehran says talks ongoing European gas prices have hit a four-month high as the escalation of the conflict in the Middle East raises fears of supply shortages this winter. The Dutch natural gas benchmark briefly rose above €60 a megawatt hour (MWh) on Monday, near the peaks seen at the start of the US-Iran conflict, after the US expanded its aerial offensive and Iran retaliated with strikes on Bahrain and...

By Mark Sweney