⚡️🇪🇺🇮🇷 — Gas futures prices in the Dutch market rose above €87 per megawatt-hour, marking a sixth consecutive day of gains and the highest level recorded in Europe since the start of the region's military conflicts, according to the Financial Times.

The main driver has been disruptions in shipping through the Strait of Hormuz, which before the war carried one-fifth of the world's liquefied natural gas.

Spot gas prices at Europe's main trading hubs have also climbed above $1,000 per thousand cubic meters. A significant drop in Europe's gas reserves on the eve of the cold season, combined with the security crisis in West Asia, has sharply inflamed the continent's energy market.

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