economy
March 10, 2026
Gas price in Europe surpasses $800 per 1,000 cubic meters first since January 2023
The price growth since the beginning of the day has exceeded 27%
TL;DR
- Gas price in Europe exceeded $800 per 1,000 cubic meters, a level not seen since January 2023.
- The price increase is linked to rising oil futures contracts and the escalating conflict in the Middle East.
- April futures contracts at the TTF hub in the Netherlands reached around $820 per 1,000 cubic meters.
- Brent crude oil futures rose by 28.77% to $119.36 per barrel.
- A military operation by the US and Israel against Iran on February 28 led to strikes on major Iranian cities.
- Iran's supreme leader, Ayatollah Ali Khamenei, and other senior figures were reportedly killed.
- The Islamic Revolutionary Guard Corps announced retaliatory operations targeting Israel.
- US military bases in Bahrain, Jordan, Qatar, Kuwait, the UAE, and Saudi Arabia were also hit.
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