Gas prices in Europe are rising sharply due to US and Israeli strikes on Iran, causing fears of reduced LNG availability. The Dutch TTF gas contract has surged to over €60 per MWh. Europe, having reduced reliance on Russian gas, is now more dependent on global shipping and LNG imports, particularly from Qatar. Any disruption in the Strait of Hormuz could lead to significant price spikes. Higher prices could impact energy-intensive industries and lower-income households, prompting potential government support measures. Teljes cikk (Euronews.com)