Next Article
Business
•
Jun 17, 2025
Europe gas prices surge amid Israel-Iran conflict
European gas prices just hit their highest mark since early April, thanks to rising worries about the Israel-Iran conflict.
Prices jumped over 2% on Monday after a similar spike last week, mostly because traders fear that fighting could disrupt LNG shipments through the crucial Strait of Hormuz—a major route for global energy.
TL;DR
Europe's top pipeline supplier doing seasonal maintenance
Even though gas deliveries haven't been hit yet, any trouble in these supply routes could make it harder (and pricier) for Europe to stock up ahead of next winter.
Plus, with Norway—Europe's top pipeline supplier—doing seasonal maintenance, there's extra pressure on supplies.
It's a reminder of how quickly global events can shake up energy markets and impact what people pay for basics like heating and electricity.