European gas prices soar to four-year high over winter supply fears

Jump fuelled by fears of further Middle East supply disruptions amid reports of US-Israeli plans to strike Iran

Lauren Almeida

Published Oct 26, 2026

European gas prices soar to four-year high over winter supply fears

European gas prices have jumped to levels not seen since 2022 as fears continue to grow around the continent’s supply this winter and ongoing conflict in the Middle East.

Wholesale gas prices hit €97 (£81) per megawatt-hour on Monday, as temperatures across Europe fell and traders priced in stronger demand for heating.

Source: The Guardian ↗

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European gas prices soar to four-year high over winter supply fears

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