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European gas prices rose 4.35% to about €100 per MWh, the highest level since 2022. The rally follows reduced liquefied natural gas flows from the Persian Gulf, which previously supplied nearly a fifth of the region's LNG.
Loss of Gulf LNG supply forces Europe to compete for scarce cargoes, keeping global gas prices elevated.
aa.com.trOct 29, 2026After 136 past bullish geopolitics events, Natural Gas moved a median +2.7% over 5 sessions (63% higher; middle half -1.8% to +8.8%), and +4.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
