Sana'a: Gas prices in Europe rose sharply again on Thursday, as markets reacted to renewed geopolitical tensions and the U.S.-Israeli offensive against Iran. The European benchmark index, represented by Dutch TTF gas futures, surpassed the pound 50 per megawatt-hour threshold during morning trading, recording an increase of about 6 percent after two consecutive sessions of decline.
According to Yemen News Agency, since the start of the U.S.-Israeli offensive on Iran on February 28, gas prices in Europe have surged by around 60 percent, reflecting the market's high sensitivity to developments in the Middle East. The situation has raised concerns over energy security across the continent, as many countries are heavily reliant on gas imports to meet their energy needs.
The escalation of tensions has added pressure on the European energy market, which was already grappling with various challenges, including supply chain disruptions and increased demand. Industry experts are closely monitoring the situation, as further instability in the Middle East could exacerbate the current energy price trends.