Dialogos

European Gas Prices Soar Up to 35% – Result of Israel-US Attack on Iran

Published March 19, 2026, 10:02
European Gas Prices Soar Up to 35% – Result of Israel-US Attack on Iran

European gas prices soared by up to 35% on Thursday, as new attacks hit energy infrastructure in the Middle East, including an attack on Qatar's main gas facility. The Dutch TTF gas contract, the European benchmark, rose to 74 euros before slightly limiting its gains. Two waves of Iranian attacks caused “extensive damage” to Ras Laffan in Qatar, the world’s largest liquefied natural gas hub, intensifying concerns about energy supplies. This situation creates uncertainty in the markets and threatens Europe's energy security.