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Gas price exceeds 50 euros, oil surges above 107 dollars per barrel

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The price of natural gas on European markets surged following statements by American President Donald Trump about the conflict with Iran. The Dutch TTF benchmark contract exceeded 50 euros per megawatt-hour, recording growth of over 6 percent.

Meanwhile, the oil price surged above 107 dollars per barrel, representing growth of more than 5 percent. The movement occurred after Trump announced the continuation of American operations against Iran, eliminating expectations for a diplomatic solution.

The monthly TTF contract, considered the benchmark for European gas trading, reached a record level of 78 dollars the previous month.

European gas markets remain exceptionally sensitive to geopolitical disruptions, with supply concerns frequently triggering sharp price fluctuations.