The conflict in Iran is causing major problems in the Middle East, a key oil and gas region. Take our poll! View on euronews

Most of Europe's largest natural gas consumers cranked gas-fired power production to multi-year highs in early 2026, raising hopes among liquefied natural gas (LNG) exporters that the region was regaining its taste for the fuel.

Europe's task of refilling natural gas storage for next winter has become more expensive, as Qatar has stopped LNG production and shipments due to the U.S.-Israel conflict with Iran, raising global prices,

Europe's benchmark natural gas prices are set for a 50% weekly surge, the largest since 2023, due to a Middle East conflict closing the Strait of Hormuz and leading to a supply halt from Qatar, which has intensified Europe's competition with Asia for remaining LNG cargoes.

Europe is facing major economic trouble due to constrained natural gas supplies as the war in Iran upends global energy flows, with further disruptions possible as Russia weighs suspending gas exports.

Persian Gulf energy supply shock sparks flashbacks to 2022. Europe had just about shaken off memories of the 2022 energy crisis. Global energy markets were set to be well supplied

The pressure is increasing after roughly a fifth of global liquified natural gas supply was taken off the market.

Open interest in European natural gas futures dropped to a five-month low, with traders struggling to navigate intense price swings driven by unpredictable newsflow from the Middle East and closing their positions.

The natural gas price shock Europe is experiencing from the Iran war could accelerate the region’s decoupling from Russian energy, while the continent is pushed further into the arms of the U.S.