The risk of continued war in the Middle East intensified, and European gas prices rose. Benchmark futures rose as high as 3.3% on Thursday, breaking 80 euros per megawatt-hour. Some reports quoted two government officials as saying that the White House asked the Pentagon to develop an optional plan to attack Iran, which can be implemented before next month's midterm elections. Patricio Alvarez, a senior industry research analyst, said that European gas prices may rise by about 20% to 25% this winter due to low inventories and continued blockages in the Gulf liquefied natural gas supply.
Zhitongcaijing · 3d ago
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The risk of continued war in the Middle East intensified, and European gas prices rose. Benchmark futures rose as high as 3.3% on Thursday, breaking 80 euros per megawatt-hour. Some reports quoted two government officials as saying that the White House asked the Pentagon to develop an optional plan to attack Iran, which can be implemented before next month's midterm elections. Patricio Alvarez, a senior industry research analyst, said that European gas prices may rise by about 20% to 25% this winter due to low inventories and continued blockages in the Gulf liquefied natural gas supply.
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