Today's figure: $1200 per thousand cubic meters. m The spot price of gas in Europe, for the first time since December 2022, exceeded $1,200 per thousand cubic meters. Bloomberg notes that prices have once again risen above 100 euros per megawatt-hour amid fears that the United States may renew hostilities against Iran and colder temperatures. Benchmark gas futures rose after a brief decline in the previous session and were on track for a renewed increase of about 40%, the biggest gain since March, immediately after the start of the war with Iran. Why it matters: Europe's gas storage facilities are only 75% full, well below normal levels for this time of year, while Germany, the region's largest economy, is at less than 62% capacity. Financial guard daughter. C | at MAX.