European gas prices surge to more than double since beginning of war on Iran
European gas prices surge to more than double since beginning of war on Iran The price of gas has increased significantly since Iran’s attack on Qatar’s Ras Laffan complex, which disrupted around 20 percent of global natural gas flows. Markets in the UK and Europe saw prices rise by more than 25 percent in early trading before easing slightly, and currently stand at more than double the level prior to the US-Israeli attacks on Iran. Iran targeted Qatar’s gas facility in retaliation after Israeli strikes on Iran’s S