# European gas surges 40% in October on U.S.-Iran military escalation By Investing.com

> The Dutch TTF front-month gas contract, Europe's wholesale benchmark, rose 5.33% to 103.10 euros per MWh, a four-year high. It gained about 42.5% over October, and the British equivalent rose 5.5% to 256.47 pence per therm.

- Date: 2026-10-30 · published 2026-10-31T10:05:53.932Z
- Category: geopolitics · region Europe · magnitude high
- Page: https://feedsoft.ai/events/2981-european-gas-surges-40-in-october-on-u-s-iran-military-escalation-by-investing
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher European gas prices raise fertilizer (nitrogen) production costs and energy-linked costs for feed processing, supporting grain and meal prices.

## Read by commodity

- CORN: bullish ▲
- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-10-29 | [European gas eases from 2022 peaks as profit-taking checks rally By Investing.com](https://feedsoft.ai/events/1449-european-gas-eases-from-2022-peaks-as-profit-taking-checks-rally-by-investing.md) | -1.8% | — |
| NATGAS | 2024-06-03 | [European Gas Surges as Norway Fault Exposes Supply Fragility - Bloomberg](https://feedsoft.ai/events/7810-european-gas-surges-as-norway-fault-exposes-supply-fragility-bloomberg.md) | +24.9% | +9.1% |
| NATGAS | 2026-10-29 | [The Commodities Feed: European gas tops EUR100 as supply fears grow \| ING THINK](https://feedsoft.ai/events/261-the-commodities-feed-european-gas-tops-eur100-as-supply-fears-grow-ing-think.md) | -1.8% | — |
| NATGAS | 2026-07-29 | [Natural gas: Europe faces tighter winter balance – ING — Octa](https://feedsoft.ai/events/18541-natural-gas-europe-faces-tighter-winter-balance-ing-octa.md) | +2.1% | +3.0% |
| NATGAS | 2024-08-29 | [Higher Natural Gas Prices Seen This Winter in Europe as Geopolitical Complications Mount](https://feedsoft.ai/events/28999-higher-natural-gas-prices-seen-this-winter-in-europe-as-geopolitical.md) | +11.7% | +36.8% |
| UREA | 2026-03-03 | [Fertilizer Markets Surge Following Escalation in the Middle East - RFD](https://feedsoft.ai/events/4435-fertilizer-markets-surge-following-escalation-in-the-middle-east-rfd.md) | +10.0% | +19.1% |
| UREA | 2026-03-02 | [US-Iran Escalation Could Drive Up Input Costs as Spring Planting Season Hits](https://feedsoft.ai/events/4434-us-iran-escalation-could-drive-up-input-costs-as-spring-planting-season-hits.md) | +25.5% | +36.4% |
| UREA | 2026-03-09 | [European nitrogen market rallies on gas price hike, Iran conflicts \| S&P Global](https://feedsoft.ai/events/20464-european-nitrogen-market-rallies-on-gas-price-hike-iran-conflicts-s-and-p-global.md) | +3.4% | +21.0% |

## Sources

- ng.investing.com: https://ng.investing.com/news/commodities-news/european-gassurges-40-in-october-on-usiran-military-escalation-2770667

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