Natural-Gas Prices in Europe Climb to Highest Level Since 2022 Amid Iran War

After 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.

• Oct 29, 2026European gas hits highest level since 2022, up 4.35%-1.8%
• Oct 29, 2024TTF prices surge to their highest level | European Gas Hub-10.5%
• Apr 29, 2026Crude oil price jumps to $115, highest level since June 2022 amid stalled Iran war talks. Brace for $150? - The Economic Times+6.9%
• Aug 29, 2024Higher Natural Gas Prices Seen This Winter in Europe as Geopolitical Complications Mount+11.7%
• Sep 9, 2026European Natural Gas Prices Surge as Middle East Attacks Choke LNG Shipments - WSJ+1.3%

After 205 past bullish geopolitics events, Urea moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.0%), and -0.4% over 20.

• Oct 28, 2026European gas price crosses €100 for first time since 2022 as EU warns of new crisis | Euronews-1.3%
• Mar 9, 2026European nitrogen market rallies on gas price hike, Iran conflicts | S&P Global+3.4%
• Jul 29, 2022Gas supply issues in Europe cause havoc with Nitrogen prices.+17.6%
• Oct 1, 2021European gas prices hit all-time highs as Russian flows slump | Reuters+26.3%
• Jun 23, 2026Natural gas: Heat and outages support prices – Commerzbank-2.1%