Gas Hits 3-Year High

AmsterdamEuropean gas topped €75 per megawatt-hour Wednesday.

Households across the continent face higher heating bills as the price hits its highest since early 2023.

Europe buys almost no Iranian gas, so LNG competition after renewed US strikes on Iran drove the jump, not lost supply.

Traders are watching whether the Strait of Hormuz standoff escalates further.

Sources: Mehr News Agency