Natural gas prices in Europe have risen by over 40% after an Iranian attack on a facility in Qatar, affecting LNG supply.

Natural gas prices in Europe have recorded a significant increase, exceeding 40% following an Iranian attack on a facility in Qatar. This incident led to the suspension of liquefied natural gas production at the Ras Laffan complex, which accounts for 15% of LNG imports to the European Union.

The war in the Middle East and the blockade imposed by Iran have worsened the situation, affecting transport through the Strait of Hormuz, a crucial route for global LNG trade. Gas stocks in the European Union are at low levels, below 31%, compared to 40% during the same period last year.

Additionally, oil prices have risen, reaching $82.37 per barrel, and in Romania, fuel prices have exceeded 8 lei per liter. These price fluctuations are the result of geopolitical tensions and supply disruptions.