Record Heat Gives Way to Winter Gas Fears in Europe, Asia as Iran War Rages On The ongoing conflict in Iran has sent shockwaves through global gas supplies, leaving Europe and Asia bracing for a winter of unprecedented price spikes and shortfalls.
The war's impact on energy markets is often overshadowed by more dramatic headlines, but this crisis will have far reaching consequences.
The usually stoic natural gas market is experiencing unprecedented volatility, with prices in Europe spiking by nearly 26% in just one week.