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European gas prices hit three-year high

06:12

European gas prices hit three-year high
Source: adobestock

European natural gas prices rose for a third consecutive session as renewed fighting between the United States and Iran increased concerns about prolonged disruption to energy supplies moving through the Strait of Hormuz. Benchmark Dutch TTF contracts climbed 4.3% to €75.33 per megawatt-hour, their highest level since January 2023.

Gas prices have gained about 10% this week…

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