# European gas prices spike above €70 amid renewed Middle East fighting | Euronews

> The Dutch TTF gas benchmark for October delivery reached an intraday high of €70.85 per MWh after US forces struck Iranian targets near the Strait of Hormuz and Iran retaliated. EU gas storage stood at 64.7% full, below historical norms for this time of year.

- Date: 2026-08-31 · published 2026-08-31T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/18059-european-gas-prices-spike-above-70-amid-renewed-middle-east-fighting-euronews
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Disruption to Gulf LNG through Hormuz and low European storage keep European gas prices elevated, which supports nitrogen fertilizer and energy costs for feed producers.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-09-09 | [European Natural Gas Prices Surge as Middle East Attacks Choke LNG Shipments - WSJ](https://feedsoft.ai/events/17648-european-natural-gas-prices-surge-as-middle-east-attacks-choke-lng-shipments-wsj.md) | +1.3% | +5.6% |
| NATGAS | 2026-03-03 | [Natural gas, LNG prices soar on Middle East supply fears](https://feedsoft.ai/events/20365-natural-gas-lng-prices-soar-on-middle-east-supply-fears.md) | +7.0% | -3.1% |
| NATGAS | 2022-08-24 | ['New shock' for European markets as gas price spike fuels inflation fears \| Reuters](https://feedsoft.ai/events/40209-new-shock-for-european-markets-as-gas-price-spike-fuels-inflation-fears-reuters.md) | -4.2% | -16.7% |
| NATGAS | 2026-03-19 | [Natural gas prices soar as Iran, Israel strike Middle East energy infrastructure \| Reuters](https://feedsoft.ai/events/20363-natural-gas-prices-soar-as-iran-israel-strike-middle-east-energy-infrastructure.md) | -4.7% | -12.3% |
| NATGAS | 2021-10-01 | [European gas prices hit all-time highs as Russian flows slump \| Reuters](https://feedsoft.ai/events/44762-european-gas-prices-hit-all-time-highs-as-russian-flows-slump-reuters.md) | -0.5% | +0.2% |

## Sources

- euronews.com: https://www.euronews.com/2026/08/31/european-gas-prices-spike-above-70-amid-renewed-middle-east-fighting

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.