EconomyEuropean gas prices hit four-year high amid winter supply fears

European wholesale gas prices reached their highest level since 2022, hitting €97 per megawatt-hour on Monday. Colder weather, concerns about winter supplies and reports of US-Israeli plans for renewed strikes on Iran after the US midterm elections drove the jump. European gas storage is about 75% full, below its seasonal average.

European gasenergy priceswinter supplyIran

TThe Guardian★★★☆☆2026-10-26 10:35Original