European gas reserves hit a 13-year low amid fallout from the U.S. and Israel's war of aggression against Iran. The European Union's gas storage facilities were only 75% full at the end of October, falling below the mandatory target of 80%. Disruptions in shipping through the Strait of Hormuz amid the war between the US and Israel against Iran have raised global gas prices, and raised concerns about Europe's ability to get through the winter heating season without interruptions in supply.

European gas reserves hit a 13-year low amid fallout from the U.S. and Israel's war of aggression against Iran. The European Union's gas storage facilities were only 75% full at the end of October, falling below the mandatory target of 80%. Disruptions in shipping through the Strait of Hormuz amid the war between the US and Israel against Iran have raised global gas prices, and raised concerns about Europe's ability to get through the winter heating season without interruptions in supply.