As the Middle East conflict intensifies, European gas prices are expected to record their biggest weekly increase since July. The conflict has cut off about one-fifth of the world's supply of liquefied natural gas, leaving Europe with little time left to store gas before the heating season. To attract cargo ships, European gas prices have more than doubled from pre-war levels, and the current gas storage capacity is slightly higher than 67%.

As the Middle East conflict intensifies, European gas prices are expected to record their biggest weekly increase since July. The conflict has cut off about one-fifth of the world's supply of liquefied natural gas, leaving Europe with little time left to store gas before the heating season. To attract cargo ships, European gas prices have more than doubled from pre-war levels, and the current gas storage capacity is slightly higher than 67%.