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

> European natural gas prices rose above 97 euros per megawatt-hour, the highest since late 2022. Colder weather is lifting demand while the Iran war continues to disrupt global supplies.

- Date: 2026-10-26 · published 2026-10-29T06:13:38.023Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/622-natural-gas-prices-in-europe-climb-to-highest-level-since-2022-amid-iran-war-wsj
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Higher gas prices raise nitrogen fertilizer and energy costs for feed production, supporting feed input prices.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2026-10-27 | 1 | +7.0% | 3.3 | European gas hit highest since 2022 on Oct 26 amid Iran war supply disruption, a sentiment and LNG pull spillover supporting prices into Oct 27. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-10-29 | [European gas hits highest level since 2022, up 4.35%](https://feedsoft.ai/events/1453-european-gas-hits-highest-level-since-2022-up-4-35.md) | -1.8% | — |
| NATGAS | 2024-10-29 | [TTF prices surge to their highest level \| European Gas Hub](https://feedsoft.ai/events/8118-ttf-prices-surge-to-their-highest-level-european-gas-hub.md) | -10.5% | +41.4% |
| NATGAS | 2026-04-29 | [Crude oil price jumps to $115, highest level since June 2022 amid stalled Iran war talks. Brace for $150? - The Economic Times](https://feedsoft.ai/events/19905-crude-oil-price-jumps-to-115-highest-level-since-june-2022-amid-stalled-iran.md) | +6.9% | +17.4% |
| 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% |
| 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% |
| UREA | 2026-10-28 | [European gas price crosses €100 for first time since 2022 as EU warns of new crisis \| Euronews](https://feedsoft.ai/events/267-european-gas-price-crosses-100-for-first-time-since-2022-as-eu-warns-of-new.md) | -1.3% | — |
| 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% |
| UREA | 2022-07-29 | [Gas supply issues in Europe cause havoc with Nitrogen prices.](https://feedsoft.ai/events/5032-gas-supply-issues-in-europe-cause-havoc-with-nitrogen-prices.md) | +17.6% | +13.4% |

## Sources

- wsj.com: https://www.wsj.com/finance/commodities-futures/european-gas-at-four-year-high-on-winter-supply-fears-b7dd5145

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