European natural gas markets reached their highest levels since 2023 on September 9, 2026, as escalating conflict between U.S. forces and Iran threatened to disrupt liquefied natural gas (LNG) supply routes through the Strait of Hormuz. The Dutch TTF front-month contract surged to 79 euros per megawatt-hour, while Great Britain’s NBP wholesale gas contract climbed to 196 pence per therm, nearing the 200p threshold last seen in late 2022. Brent crude oil prices hovered near $99.50 a barrel, reflecting broader regional volatility.
European Gas Prices Hit 2023 Highs Amid Iran-Saudi Tensions
Geopolitical tensions in the Persian Gulf and constrained storage levels push front-month gas prices to record levels in Europe and Great Britain.
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David Chen · Commodities Desk · 15 Sept 2026 · 18:37 · 1 min read
This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
David Chen
Commodities Desk
David reports on energy, metals and agricultural markets, tracking how supply signals and safe-haven demand move prices across the commodities complex.
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