European natural gas surged to a five-month high as the war in the Persian Gulf remains mired in stalemate, dimming the outlook for global supplies and the region’s preparedness for the forthcoming winter. Benchmark futures jumped as much as 3.9%, topping €65 a megawatt-hour for the first time since March. Oil also surged, giving gas a fresh leg-up to levels last seen in the early days of the war, after US President Donald Trump announced plans to inflict what he called an “economic D-Day” on Iran. https://www.bloomberg.com/news/articles/2026-08-20/europe-gas-hovers-near-four-week-high-as-us-targets-iran-economy?taid=6a8774376510a600012fe8fd&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter

European natural gas surged to a five-month high as the war in the Persian Gulf remains mired in stalemate, dimming the outlook for global supplies and the region’s preparedness for the forthcoming winter. Benchmark futures jumped as much as 3.9%, topping €65 a megawatt-hour for the first time since March. Oil also surged, giving gas a fresh leg-up to levels last seen in the early days of the war, after US President Donald Trump announced plans to inflict what he called an “economic D-Day” on Iran. https://www.bloomberg.com/news/articles/2026-08-20/europe-gas-hovers-near-four-week-high-as-us-targets-iran-economy?taid=6a8774376510a600012fe8fd&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter

Source:https://x.com/staunovo/status/2090664143921541231