Hormuz broke the European fuel price record following the disruption in the export of liquefied gas in the Strait of Hormuz, the price of European gas reached the highest level since December 2022 by crossing 100 euros equal to 111 dollars per megawatt hour. Europe's gas reserves were about 75% on October 21; While the usual goal for the beginning of winter is to reach 90%. The dwindling reserves and the difficulty in securing new deliveries increased the concerns about the energy supply in the cold months. The European Commission has warned that the disruption in global energy supply may continue until 2027; Also, estimates show that the war increased the cost of European gas imports between 18 and 33 billion euros. - Link.

Hormuz broke the European fuel price record following the disruption in the export of liquefied gas in the Strait of Hormuz, the price of European gas reached the highest level since December 2022 by crossing 100 euros equal to 111 dollars per megawatt hour. Europe's gas reserves were about 75% on October 21; While the usual goal for the beginning of winter is to reach 90%. The dwindling reserves and the difficulty in securing new deliveries increased the concerns about the energy supply in the cold months. The European Commission has warned that the disruption in global energy supply may continue until 2027; Also, estimates show that the war increased the cost of European gas imports between 18 and 33 billion euros. - Link.