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Euronews
Euronews
Piero Cingari

Iran war: How exposed are European economies?

Dutch TTF natural gas futures — Europe's benchmark price — hit €50 per megawatt-hour on Thursday morning, up 60% since US and Israeli strikes on Iran closed the Strait of Hormuz.

The move is the continent's sharpest energy shock since the 2022 crisis, and it is landing on a market that was already dangerously exposed: gas inventories across Europe stand at their lowest seasonal levels in years.

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