Tuesday’s prices have surged by 50 percent compared to the previous month. This increase also indicates concerns that gas supplies will be further constrained due to depleted European reserves and high summer temperatures in Asia, which analysts predict will boost demand for air conditioning.
The latest price spikes have intensified fears that Middle East unrest will become a permanent aspect of energy markets — particularly with Washington and Tehran threatening tolls or “service fees” on maritime traffic, and the Iran-backed Houthi paramilitary group in Yemen announcing an embargo on the Bab al-Mandab Strait, another crucial regional waterway.
“The seemingly random nature of the continual opening and closing of the Strait of Hormuz means that this is no longer a reliable delivery route for the world’s LNG supplies,” said Tobias Federico, a senior analyst at Montel Energy.
“The recent surge in TTF shows that geopolitical risk is becoming a structural reality for energy markets,” said Alice Acuña, Moeve EVP Trading & Commercial Integration for Madrid-based energy company Moeve.













Leave a Reply