Two months into war, upside risks loom for European gas market

Two months into the Iran war, Europe has evaded the record price surges that beset the regional gas market during the last energy crisis in 2022, following Russia’s full-scale invasion of Ukraine. However, with trade out of the Persian Gulf still dramatically diminished, market watchers warn the continent remains exposed to upside risks as summer approaches and, with it, the prospect of aTwo months into the Iran war, Europe has evaded the record price surges that beset the regional gas market during the last energy crisis in 2022, following Russia’s full-scale invasion of Ukraine. However, with trade out of the Persian Gulf still dramatically diminished, market watchers warn the continent remains exposed to upside risks as summer approaches and, with it, the prospect of aRead More