European gas prices hit four-month high amid fears US-Iran war will cause supply shortages
Oil price briefly breached $90 a barrel mark on Sunday before easing after Iran said talks continue
https://www.theguardian.com/business/live/2026/jul/20/oil-price-rises-us-iran-strikes-ryanair-lower-fares-summer-economy-latest-news-updates">Business live – latest updates
European gas prices have hit a four-month high as the https://www.theguardian.com/world/2026/jul/20/us-strikes-iran-strait-of-hormuz-oil-prices">escalation of the conflict in the Middle East raises fears of supply shortages this winter.
The Dutch natural gas benchmark briefly rose above €60 a megawatt hour (MWh) on Monday, near the peaks seen at the start of the US-Iran conflict, after the US https://www.theguardian.com/world/2026/jul/20/us-strikes-iran-strait-of-hormuz-oil-prices">expanded its aerial offensive and Iran retaliated with strikes on Bahrain and Kuwait.
https://www.theguardian.com/business/2026/jul/20/european-gas-prices-high-us-iran-war-supply-shortages-oil-price">Continue reading...- Oil hits $90 per barrel as US-Iran war escalates Semafor —
- U.S. gas prices hit an average of $4 a gallon again as the U.S. and Iran launch attacks PBS —
- Price of gas hits $4 as Iran war heats back up The Hill —
- Gas prices top $4 a gallon again as U.S.-Iran conflict escalates CBS News —
- Gas prices snap back to $4 as Trump’s Iran truce unravels Fortune —