Gasoline prices in Europe exceeded 100 euros against a possible renewal of the American attacks in Iran. Bloomberg Natural gas prices in Europe have begun to rise again amid concerns that the United States may renew military operations against Iran after the midterm congressional elections. On October 30, gas futures for December delivery on the Dutch TTF hub rose 5.3% to €103.16 per MWh. According to Bloomberg, gas prices in Europe could rise by about 42% in October, which would be the biggest monthly increase since March 2026. The main reasons for the price increase were colder temperatures, increased demand for heating, low gas reserves in European storage facilities and disruptions in the supply of liquefied natural gas from the Middle East. Additional pressure on the market comes from reports that US President Donald Trump is considering new options for military action against Iran. According to the Wall Street Journal, on October 29, a senior US military commander presented Trump with possible options for a military operation. At the same time, LNG exports through the Strait of Hormuz remain significantly below pre-war levels. Before the conflict, about 20% of the world's liquefied natural gas export capacity went through this route. The situation is complicated by low fuel reserves in Europe. EU gas storage facilities are only 75% full, while in Germany they are less than 62%. Energy analysts warn that geopolitical tensions and tight supplies could push prices further. According to their forecasts, serious disruptions in gas supply may continue until the end of the first quarter of 2027.

Gasoline prices in Europe exceeded 100 euros against a possible renewal of the American attacks in Iran. Bloomberg Natural gas prices in Europe have begun to rise again amid concerns that the United States may renew military operations against Iran after the midterm congressional elections. On October 30, gas futures for December delivery on the Dutch TTF hub rose 5.3% to €103.16 per MWh. According to Bloomberg, gas prices in Europe could rise by about 42% in October, which would be the biggest monthly increase since March 2026. The main reasons for the price increase were colder temperatures, increased demand for heating, low gas reserves in European storage facilities and disruptions in the supply of liquefied natural gas from the Middle East. Additional pressure on the market comes from reports that US President Donald Trump is considering new options for military action against Iran. According to the Wall Street Journal, on October 29, a senior US military commander presented Trump with possible options for a military operation. At the same time, LNG exports through the Strait of Hormuz remain significantly below pre-war levels. Before the conflict, about 20% of the world's liquefied natural gas export capacity went through this route. The situation is complicated by low fuel reserves in Europe. EU gas storage facilities are only 75% full, while in Germany they are less than 62%. Energy analysts warn that geopolitical tensions and tight supplies could push prices further. According to their forecasts, serious disruptions in gas supply may continue until the end of the first quarter of 2027.