{"id":2123245,"date":"2026-08-31T12:45:07","date_gmt":"2026-08-31T09:45:07","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2123245"},"modified":"2026-08-31T12:45:07","modified_gmt":"2026-08-31T09:45:07","slug":"european-gas-prices-spike-above-e70-amid-renewed-middle-east-fighting","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2123245","title":{"rendered":"European gas prices spike above \u20ac70 amid renewed Middle East fighting"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/89\/55\/35\/1200x675_cmsv2_705456e2-1215-58c4-ad5c-a31d4fbef7e4-9895535.jpg&#8221;]<\/p>\n<article id=\"abe-2922220-pos1-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2922220\" data-cid=\"9897443\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922220-label-pos1-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/70\/91\/189x106_cmsv2_962b9b89-efb9-511e-b0b6-195686d77f5d-9897091.jpg\" loading=\"lazy\" alt=\"A migrant who crossed into Ceuta, arriving on one of the city&apos;s beaches\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Spanish government approves \u20ac309 million aid package for Ceuta\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2922337-pos2-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2922337\" data-cid=\"9897683\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922337-label-pos2-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/76\/83\/189x106_cmsv2_5c3d3eb1-1a7e-5fc1-8c53-20c8df2cdb96-9897683.jpg\" loading=\"lazy\" alt=\"A tractor pulls a boat from the sea as commercial vessels are anchored in the Strait of Hormuz off Bandar Abbas, Iran, Monday, Aug. 31, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Iran<\/p>\n<div class=\"the-media-object__title  \">\n<p>    US military says it struck IRGC targets in Iran\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2922307-pos3-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2922307\" data-cid=\"9897687\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922307-label-pos3-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/76\/16\/189x106_cmsv2_ff7b1ab4-076c-563e-a04f-50c60286f499-9897616.jpg\" loading=\"lazy\" alt=\"File photo dated Tuesday 21 July 2009: Ryanair planes at Stansted Airport, England. (AP Photo\/Matt Dunham)\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Ryanair Boeing 737 stairs: 85 falls in three years, ANSV study finds\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2922304-pos4-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2922304\" data-cid=\"9897589\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922304-label-pos4-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/75\/89\/189x106_cmsv2_7a2d2d05-1143-580a-b664-688b3f5e9748-9897589.jpg\" loading=\"lazy\" alt=\"A view of the Shanghai Cooperation Organization (SCO) summit in Bishkek, Kyrgyzstan, 1 September 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Kyrgyzstan<\/p>\n<div class=\"the-media-object__title  \">\n<p>    SCO challenges West as diverse group of nations pursues multipolar future\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2922220-pos1-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video\" data-nid=\"2922220\" data-cid=\"9897443\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922220-label-pos1-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/70\/91\/189x106_cmsv2_962b9b89-efb9-511e-b0b6-195686d77f5d-9897091.jpg\" loading=\"lazy\" alt=\"A migrant who crossed into Ceuta, arriving on one of the city&apos;s beaches\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Spanish government approves \u20ac309 million aid package for Ceuta\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2922337-pos2-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2922337\" data-cid=\"9897683\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922337-label-pos2-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/76\/83\/189x106_cmsv2_5c3d3eb1-1a7e-5fc1-8c53-20c8df2cdb96-9897683.jpg\" loading=\"lazy\" alt=\"A tractor pulls a boat from the sea as commercial vessels are anchored in the Strait of Hormuz off Bandar Abbas, Iran, Monday, Aug. 31, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Iran<\/p>\n<div class=\"the-media-object__title  \">\n<p>    US military says it struck IRGC targets in Iran\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2922307-pos3-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2922307\" data-cid=\"9897687\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922307-label-pos3-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/76\/16\/189x106_cmsv2_ff7b1ab4-076c-563e-a04f-50c60286f499-9897616.jpg\" loading=\"lazy\" alt=\"File photo dated Tuesday 21 July 2009: Ryanair planes at Stansted Airport, England. (AP Photo\/Matt Dunham)\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Ryanair Boeing 737 stairs: 85 falls in three years, ANSV study finds\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2922304-pos4-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2922304\" data-cid=\"9897589\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922304-label-pos4-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/75\/89\/189x106_cmsv2_7a2d2d05-1143-580a-b664-688b3f5e9748-9897589.jpg\" loading=\"lazy\" alt=\"A view of the Shanghai Cooperation Organization (SCO) summit in Bishkek, Kyrgyzstan, 1 September 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Kyrgyzstan<\/p>\n<div class=\"the-media-object__title  \">\n<p>    SCO challenges West as diverse group of nations pursues multipolar future\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article class=\"helper-site-row o-article-newsy\">\n<div class=\"helper-site-container o-article-newsy__container\">\n<div class=\"o-article-newsy__main\">\n<header class=\"h-grid o-article-newsy__main__header\">\n<nav aria-label=\"Breadcrumbs\" class=\"c-article-breadcrumbs\">\n<div id=\"adb-article-breadcrumb\" class=\"c-article-breadcrumbs__list\">\n<p>                          Business<\/p>\n<p>                          Economy<\/p><\/div>\n<\/nav>\n<h1 class=\"c-article-redesign-title\">\n                            European gas prices spike above \u20ac70 amid renewed Middle East fighting<\/h1>\n<div class=\"c-article-image-video u-position-relative \">\n<div class=\"js-superdiv u-aspect-ratio-16x9 u-position-relative \" data-controller=\"video-player\" data-sponsored=\"Partner content\"><img fetchpriority=\"high\" decoding=\"async\" class=\"js-poster-img c-article-media__img\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/55\/35\/1536x864_cmsv2_705456e2-1215-58c4-ad5c-a31d4fbef7e4-9895535.jpg\" width=\"1536\" height=\"864\" loading=\"eager\" alt=\"FILE - An employee works on pipes for connecting the Brunsbuettel LNG terminal to the German gas network in Brunsbuettel, Germany, Monday, 6 Feb. 2023. \"><\/div>\n<div class=\"c-article-caption u-position-absolute\"><i id=\"article-caption-content\" class=\"c-article-caption__content\"><span class=\"c-article-caption__text\"><br \/>\n              FILE &#8211; An employee works on pipes for connecting the Brunsbuettel LNG terminal to the German gas network in Brunsbuettel, Germany, Monday, 6 Feb. 2023.<br \/>\n                    <span class=\"u-color-white\">&#8211;\u00a0<\/span><span class=\"c-article-caption__copyright\">Copyright\u00a0<\/span><span class=\"c-article-caption__credit\">Marcus Brandt\/dpa via AP, File<\/span><\/span><\/i><\/div>\n<div class=\"c-article-image-copyright c-article-image-copyright--novideo\">\n      Copyright\u00a0Marcus Brandt\/dpa via AP, File\n  <\/div>\n<\/div>\n<\/header>\n<div class=\"h-grid o-article-newsy__main__body u-article-content\">\n<div class=\"o-article-newsy__contributors-publication-date\">\n<div class=\"c-article-contributors\">\n  By&amp;nbspDoloresz Katanich\n<\/div>\n<div class=\"c-article-publication-date\" data-timestamp=\"1788180307\">\n                    Published on                 <time datetime=\"2026-08-31 14:45:07 +02:00\">31\/08\/2026 &#8211; 14:45 GMT+2<\/time><span class=\"c-article-publication-date__bullet\">\u2022<\/span>Updated<br \/>\n                                     <time datetime=\"16:01\">16:01<\/time><\/div>\n<\/div>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div class=\"c-article-share-comment-popup-overlay js-c-article-share-comment-popup-overlay u-display-none\">\n<div id=\"js-c-article-share-comment-popup\" class=\"c-article-share-comment-popup js-c-article-share-comment-popup\">\n<div class=\"c-article-share-comment-popup__header u-display-flex\"><span>Share<\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/icon-close.svg\" width=\"24\" height=\"24\" alt=\"Close Button\" class=\"u-cursor-pointer js-c-article-share-comment-close\" loading=\"lazy\"><\/div>\n<div 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alt=\"bluesky\" loading=\"lazy\"><span>Bluesky<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"48\" height=\"48\" alt=\"bluesky\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"24\" height=\"24\" alt=\"threads\" loading=\"lazy\"><span>Threads<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"48\" height=\"48\" alt=\"threads\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"24\" height=\"24\" alt=\"whatsapp\" loading=\"lazy\"><span>Whatsapp<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"48\" height=\"48\" alt=\"whatsapp\" class=\"u-show-for-desktop\" loading=\"lazy\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"c-article-summary\">\n        The benchmark Dutch TTF natural gas price rose above \u20ac70 per megawatt-hour on Monday, as renewed fighting between the US and Iran raised fresh concerns about further delays to LNG exports from the Persian Gulf.<br \/>\n    <\/h2>\n<div class=\"c-article-content c-article-content--business js-article-content\">\n<p>The European benchmark Dutch TTF natural gas price for October 2026 delivery reached an intraday high of \u20ac70.85 per megawatt-hour on Monday, according to ICE data, as uncertainty over LNG supplies from the Gulf put upward pressure on prices.<\/p>\n<div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<p>On Sunday, US forces struck Iranian rocket launchers near the Strait of Hormuz, prompting Iran to retaliate by firing missiles at US forces in Jordan. The escalation threatens to cause further disruption to liquefied natural gas (LNG) exports, as the Strait of Hormuz, through which roughly one-fifth of global LNG trade normally passes, remains effectively closed.<\/p>\n<p>The disruption comes at a time when LNG deliveries are critical for Europe as it refills its gas storage facilities ahead of winter.<\/p>\n<p>EU gas storage facilities were 64.7% full, according to data from Gas Infrastructure Europe (GIE), leaving inventories below historical levels for this time of year.<\/p>\n<p>High market prices have slowed the refilling process in many countries, raising concerns that the Netherlands and Germany could miss their gas-storage targets of 80% and 70%, respectively, by the 1 November deadline.<\/p>\n<p>This is because the spread between current and winter prices has often been too narrow \u2014 or negative \u2014 to cover the cost and risk of storing gas. Normally, suppliers buy gas at lower prices in the summer, store it and sell it at higher prices in the winter.<\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\">\n<li class=\"c-widget-related__item\">Germany risks missing gas storage target as industry faces cold-winter threat<\/li>\n<li class=\"c-widget-related__item\">Netherlands may not have enough gas for a harsh winter, Gasunie warns<\/li>\n<\/ul>\n<\/div>\n<p>Low storage levels do not necessarily mean that a country will not have enough gas for the winter. However, insufficient reserves could leave EU countries more vulnerable to volatile market prices or disruptions to global supplies.<\/p>\n<p>This is a particular concern for businesses in Europe\u2019s biggest economy.<\/p>\n<p>\u201cIf insufficiently filled gas storage facilities coincide with a very cold winter, Germany may no longer be able to cover normal gas demand in full,\u201d Sebastian Heinermann, managing director of the German gas-storage association INES, told Euronews Business.<\/p>\n<p>\u201cIf gas prices then rise above the level that industrial consumers can afford, companies will be forced to reduce production,\u201d he said, adding that this could cause substantial economic damage.<\/p>\n<p>Italy is also facing risks to its gas supply, even though the country\u2019s gas storage level is one of the highest in Europe.<\/p>\n<p>Last Thursday, QatarEnergy notified Italian utility Edison, one of its biggest customers in Europe, that it had extended its force majeure suspension of liquefied natural gas deliveries until early November because of the US-Iran war, according to Reuters.<\/p>\n<p>The long-term Edison-Qatar contract normally supplies the equivalent of about 10% of Italy\u2019s annual gas consumption. Edison said it was securing replacement supplies and could meet its commitments to customers. <\/p>\n<p>The EU imports relatively little gas directly from the Middle East. Qatar supplied 3.7% of the bloc\u2019s overall gas imports in 2025. However, disruption in the Gulf can still push up European prices.<\/p>\n<p>Analysts warn that a prolonged disruption to Gulf LNG exports could force European buyers to compete more aggressively with Asian buyers for available cargoes, potentially putting further upward pressure on European gas prices.<\/p>\n<p>This potential bidding war could push wholesale prices closer to \u20ac100\/MWh, according to Goldman Sachs.<\/p>\n<p>Last week, the bank\u2019s analysts Samantha Dart and Laura Cyr wrote in a note cited by Bloomberg: \u201cIn a scenario where Middle East energy exports normalise only gradually through 2027, we estimate that December 2026 TTF would likely need to move above \u20ac100\/MWh,\u201d they said. <\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\">\n<li class=\"c-widget-related__item\">European gas prices hit highest point since March, worse may follow<\/li>\n<li class=\"c-widget-related__item\">Europe\u2019s gas prices are surging. Who will be the first to pay more?<\/li>\n<\/ul>\n<\/div>\n<h2>How quickly could household bills increase?<\/h2>\n<p>If the current price level is short-lived, the spike may have little effect on household bills. On the other hand, with no clear sign of easing tensions, a prolonged increase could gradually feed through to household energy bills across Europe.<\/p>\n<p>According to an earlier estimate by Oxford Economics, wholesale price changes take about six months on average to be fully reflected in consumer prices, although the timing varies widely across the bloc.<\/p>\n<p>Prices can respond within months in France, Italy and Spain, and almost immediately in the Netherlands, but may take nearly a year to peak in Germany and Austria.<\/p>\n<p>Oxford Economics considers Italy the most exposed of Europe\u2019s large economies because prices feed through relatively quickly and the country relies heavily on gas, although its storage facilities are currently among the fullest in Europe.<\/p>\n<\/div>\n<p>                                  Go to accessibility shortcuts<\/p>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div id=\"adb-article-you-might-also-like\" class=\"perf-cv-auto c-article-you-might-also-like\">\n<h2 class=\"c-article-you-might-also-like__title\">\n        Read more<br \/>\n      <\/h2>\n<div class=\"c-article-you-might-also-like__container\">\n<article id=\"abe-2922174-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2922174\" data-cid=\"9896889\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922174-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/68\/89\/480x270_cmsv2_1c09d6bf-eaec-58a0-aefb-f94dfcfeb84b-9896889.jpg\" loading=\"lazy\" alt=\"US President Donald Trump speaks in the Oval Office of the White House, 31 Aug. 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Trump vows US will take &#8216;all&#8217; of Venezuela&#8217;s oil as deal details emerge<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2922167-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2922167\" data-cid=\"9896834\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922167-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/68\/34\/480x270_cmsv2_8eaa82cb-376e-5cc9-bfe7-f2e6d2181c87-9896834.jpg\" loading=\"lazy\" alt=\"File - Gas prices are displayed at a patrol station in Munich, Germany, Sunday, 5 April 2026. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Energy price surge pushes eurozone inflation to three-year high<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2922144-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2922144\" data-cid=\"9896738\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922144-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/67\/38\/480x270_cmsv2_0a051c51-350e-52f6-a281-a1ee2761cf25-9896738.jpg\" loading=\"lazy\" alt=\"FILE - ECB President Christine Lagarde and Japan&apos;s Finance Minister Satsuki Katayama arrive for the G20 Finance Ministerial in Asheville, North Carolina, 31 Aug. 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Japan&#8217;s 10-year yield hits 3% for first time since 1996 amid G20 talks<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto\">\n<ul id=\"adb-article-tags\" class=\"c-tags-list\">\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Iran war<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  LNG<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  prices<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Natural gas<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  German economy<br \/>\n<\/section>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"o-article-newsy__aside\">\n<div class=\"c-ad-wrapper o-article-newsy__aside__content-1\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div id=\"adb-article-top-stories\" class=\"perf-cv-auto c-top-stories\">\n<h2 class=\"c-top-stories__title\">Top stories<\/h2>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2922174-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2922174\" data-cid=\"9896889\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922174-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/68\/89\/320x180_cmsv2_1c09d6bf-eaec-58a0-aefb-f94dfcfeb84b-9896889.jpg\" loading=\"lazy\" alt=\"US President Donald Trump speaks in the Oval Office of the White House, 31 Aug. 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Trump vows US will take &#8216;all&#8217; of Venezuela&#8217;s oil as deal details emerge<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2921916-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video the-media-object--no-label\" data-nid=\"2921916\" data-cid=\"9895601\" data-part-label=\"Partner content\">\n<figure id=\"abe-2921916-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/56\/01\/320x180_cmsv2_b2ce9185-9b9f-5786-b569-9830fc03a2e3-9895601.jpg\" loading=\"lazy\" alt=\"FILE - Klaus Michael Kuehne, majority owner of Kuehne and Nagel, during a press conference in Hanover. Oct. 12, 2008. 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Nov. 2015. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    European government bond yields surge to 15-year highs as sell-off deepens<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2922167-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2922167\" data-cid=\"9896834\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922167-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/68\/34\/320x180_cmsv2_8eaa82cb-376e-5cc9-bfe7-f2e6d2181c87-9896834.jpg\" loading=\"lazy\" alt=\"File - Gas prices are displayed at a patrol station in Munich, Germany, Sunday, 5 April 2026. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Energy price surge pushes eurozone inflation to three-year high<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2922144-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2922144\" data-cid=\"9896738\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922144-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/67\/38\/320x180_cmsv2_0a051c51-350e-52f6-a281-a1ee2761cf25-9896738.jpg\" loading=\"lazy\" alt=\"FILE - ECB President Christine Lagarde and Japan&apos;s Finance Minister Satsuki Katayama arrive for the G20 Finance Ministerial in Asheville, North Carolina, 31 Aug. 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Japan&#8217;s 10-year yield hits 3% for first time since 1996 amid G20 talks<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-ad-wrapper o-article-newsy__aside__content-2\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-most-viewed\">\n<h2 class=\"c-most-viewed__title qa-section-title\">Most read<\/h2>\n<div class=\"c-most-viewed__list\">\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">1<\/span><\/p>\n<article id=\"abe-2920942-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2920942\" data-cid=\"9890947\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>     Europe&#8217;s most expensive cities to buy an apartment<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">2<\/span><\/p>\n<article id=\"abe-2922174-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2922174\" data-cid=\"9896889\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Trump vows US will take &#8216;all&#8217; 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of Venezuela&#8217;s oil as deal details emerge<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2921916-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video the-media-object--no-label\" data-nid=\"2921916\" data-cid=\"9895601\" data-part-label=\"Partner content\">\n<figure id=\"abe-2921916-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/56\/01\/320x180_cmsv2_b2ce9185-9b9f-5786-b569-9830fc03a2e3-9895601.jpg\" loading=\"lazy\" alt=\"FILE - Klaus Michael Kuehne, majority owner of Kuehne and Nagel, during a press conference in Hanover. Oct. 12, 2008. (AP Photo\/Joerg Sarb)\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Death of Germany&#8217;s richest man creates a giant charitable foundation<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2922149-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2922149\" data-cid=\"9896744\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922149-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/67\/44\/320x180_cmsv2_b17e48ea-85be-5cfc-9948-788fd7c0392c-9896744.jpg\" loading=\"lazy\" alt=\"File - A trader watches his screens when the German stock index DAX went over 11 000 points at the stock market in Frankfurt, Germany, Thursday, 19. Nov. 2015. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    European government bond yields surge to 15-year highs as sell-off deepens<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2922167-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2922167\" data-cid=\"9896834\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922167-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/68\/34\/320x180_cmsv2_8eaa82cb-376e-5cc9-bfe7-f2e6d2181c87-9896834.jpg\" loading=\"lazy\" alt=\"File - Gas prices are displayed at a patrol station in Munich, Germany, Sunday, 5 April 2026. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Energy price surge pushes eurozone inflation to three-year high<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2922144-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2922144\" data-cid=\"9896738\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922144-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/67\/38\/320x180_cmsv2_0a051c51-350e-52f6-a281-a1ee2761cf25-9896738.jpg\" loading=\"lazy\" alt=\"FILE - ECB President Christine Lagarde and Japan&apos;s Finance Minister Satsuki Katayama arrive for the G20 Finance Ministerial in Asheville, North Carolina, 31 Aug. 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Japan&#8217;s 10-year yield hits 3% for first time since 1996 amid G20 talks<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920942-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2920942\" data-cid=\"9890947\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>     Europe&#8217;s most expensive cities to buy an apartment<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2922174-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2922174\" data-cid=\"9896889\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Trump vows US will take &#8216;all&#8217; of Venezuela&#8217;s oil as deal details emerge<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2921882-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2921882\" data-cid=\"9895409\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    German inflation rises to 2.9% in August, coming in below expectations<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2921740-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2921740\" data-cid=\"9894716\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Trump\u2019s Venezuela oil deal: What it means for global crude markets<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2922167-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2922167\" data-cid=\"9896834\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Energy price surge pushes eurozone inflation to three-year high<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<div class=\"articleBody\" data-key=\"articleBody\">The European benchmark Dutch TTF natural gas price for October 2026 delivery reached an intraday high of \u20ac70.85 per megawatt-hour on Monday, according to ICE data, as uncertainty over LNG supplies from the Gulf put upward pressure on prices.On Sunday, US forces struck Iranian rocket launchers near the Strait of Hormuz, prompting Iran to retaliate by firing missiles at US forces in Jordan. The escalation threatens to cause further disruption to liquefied natural gas (LNG) exports, as the Strait of Hormuz, through which roughly one-fifth of global LNG trade normally passes, remains effectively closed.The disruption comes at a time when LNG deliveries are critical for Europe as it refills its gas storage facilities ahead of winter.EU gas storage facilities were 64.7% full, according to data from Gas Infrastructure Europe (GIE), leaving inventories below historical levels for this time of year.High market prices have slowed the refilling process in many countries, raising concerns that the Netherlands and Germany could miss their gas-storage targets of 80% and 70%, respectively, by the 1 November deadline.This is because the spread between current and winter prices has often been too narrow \u2014 or negative \u2014 to cover the cost and risk of storing gas. Normally, suppliers buy gas at lower prices in the summer, store it and sell it at higher prices in the winter.Low storage levels do not necessarily mean that a country will not have enough gas for the winter. However, insufficient reserves could leave EU countries more vulnerable to volatile market prices or disruptions to global supplies.This is a particular concern for businesses in Europe\u2019s biggest economy.\u201cIf insufficiently filled gas storage facilities coincide with a very cold winter, Germany may no longer be able to cover normal gas demand in full,\u201d Sebastian Heinermann, managing director of the German gas-storage association INES, told Euronews Business.\u201cIf gas prices then rise above the level that industrial consumers can afford, companies will be forced to reduce production,\u201d he said, adding that this could cause substantial economic damage.Italy is also facing risks to its gas supply, even though the country\u2019s gas storage level is one of the highest in Europe.Last Thursday, QatarEnergy notified Italian utility Edison, one of its biggest customers in Europe, that it had extended its force majeure suspension of liquefied natural gas deliveries until early November because of the US-Iran war, according to Reuters.The long-term Edison-Qatar contract normally supplies the equivalent of about 10% of Italy\u2019s annual gas consumption. Edison said it was securing replacement supplies and could meet its commitments to customers.The EU imports relatively little gas directly from the Middle East. Qatar supplied 3.7% of the bloc\u2019s overall gas imports in 2025. However, disruption in the Gulf can still push up European prices.Analysts warn that a prolonged disruption to Gulf LNG exports could force European buyers to compete more aggressively with Asian buyers for available cargoes, potentially putting further upward pressure on European gas prices.This potential bidding war could push wholesale prices closer to \u20ac100\/MWh, according to Goldman Sachs.Last week, the bank\u2019s analysts Samantha Dart and Laura Cyr wrote in a note cited by Bloomberg: \u201cIn a scenario where Middle East energy exports normalise only gradually through 2027, we estimate that December 2026 TTF would likely need to move above \u20ac100\/MWh,\u201d they said.How quickly could household bills increase?If the current price level is short-lived, the spike may have little effect on household bills. On the other hand, with no clear sign of easing tensions, a prolonged increase could gradually feed through to household energy bills across Europe.According to an earlier estimate by Oxford Economics, wholesale price changes take about six months on average to be fully reflected in consumer prices, although the timing varies widely across the bloc.Prices can respond within months in France, Italy and Spain, and almost immediately in the Netherlands, but may take nearly a year to peak in Germany and Austria.Oxford Economics considers Italy the most exposed of Europe\u2019s large economies because prices feed through relatively quickly and the country relies heavily on gas, although its storage facilities are currently among the fullest in Europe.<\/div>\n<p>[analyse_source url=&#8221;https:\/\/www.euronews.com\/business\/2026\/08\/31\/european-gas-prices-spike-above-70-amid-renewed-middle-east-fighting&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/89\/55\/35\/1200x675_cmsv2_705456e2-1215-58c4-ad5c-a31d4fbef7e4-9895535.jpg&#8221;] Europe News Spanish government approves \u20ac309 million aid package for Ceuta Iran US military says it struck IRGC targets in Iran Business Ryanair Boeing 737 stairs: 85 falls in three years, ANSV study finds Kyrgyzstan SCO challenges West as diverse group of nations pursues multipolar future Europe News Spanish government approves \u20ac309 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[226,36],"class_list":["post-2123245","post","type-post","status-publish","format-standard","hentry","category-international","tag-crawlmanager","tag-euronews-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2123245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2123245"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2123245\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2123245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2123245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2123245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}