# Israel-Hamas war: implications for gas markets

> Bruegel reports that the Israel-Hamas war has already cut gas supplies to Israel, with Chevron's Tamar field shut and the EMG pipeline to Egypt halted. It warns the conflict could widen by weighing on Israeli gas exports.

- Date: 2023-10-19 · published 2023-10-19T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/33807-israel-hamas-war-implications-for-gas-markets
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Disruption to Eastern Mediterranean gas supply tightens Egypt's and Europe's LNG supply and supports gas prices.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-10-09 | [Oil prices rise following Hamas attack on Israel](https://feedsoft.ai/events/9280-oil-prices-rise-following-hamas-attack-on-israel.md) | -4.4% | -2.2% |
| NATGAS | 2026-04-24 | [IEA says Iran war will keep the global natural gas market tight for two years - CBS News](https://feedsoft.ai/events/19909-iea-says-iran-war-will-keep-the-global-natural-gas-market-tight-for-two-years.md) | +2.7% | +17.0% |
| NATGAS | 2024-03-25 | [Fertilizer industry weighs up war impacts \| Latest Market News](https://feedsoft.ai/events/31147-fertilizer-industry-weighs-up-war-impacts-latest-market-news.md) | +10.0% | +8.6% |
| 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% |

## Sources

- bruegel.org: https://www.bruegel.org/first-glance/israel-hamas-war-implications-gas-markets

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