European benchmark natural gas futures have jumped to their highest level since January 2023, driven by renewed U.S. military strikes against Iran.
As of 9:02 PM Amsterdam time, the Dutch front-month contract, which serves as the regional gas benchmark, surged 5.9% to €73.95 per megawatt-hour.
The price spike underscores escalating concerns over potential supply disruptions in the energy market as geopolitical risks in the Middle East intensify.
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