Oil and gas prices surged sharply amid a new wave of strikes on energy infrastructure—attacks on production facilities in Iran and retaliatory strikes on Saudi and Qatari assets.
Brent Oil Price (USD per barrel)
Data: tradingeconomics.com
Natural Gas Price (USD per MMBtu)
Data: tradingeconomics.com
Brent crude prices climbed to nearly $115 per barrel (+7.61%) before easing slightly to around $113.
Gas is also rising: in Europe, prices reached €55 per MWh—an increase of roughly €5.