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European gas prices top €100 amid supply fears

Original: gas prices

European gas prices have crossed €100 per megawatt-hour for the first time since 2022's energy crisis, prompting the EU to warn of a possible new crisis. The spike comes as disruption around the Strait of Hormuz reshapes global gas flows, while US federal data shows gas prices under Trump have eclipsed highs of the Biden era. Trump's oil and gas investments have doubled since the Iran war, and energy stocks are under scrutiny following earnings misses.

Why now: Wholesale gas crossing €100 for the first time since 2022, tied to Hormuz disruption and the Iran conflict, is a major energy and cost-of-living concern

European Union Strait of Hormuz Donald Trump Equinor

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Evidence

European gas prices soar to four-year high over winter supply fears · The Guardian
Equinor warns Europe is vulnerable to winter gas price spike if cold weather hits · Reuters
European gas price crosses €100 for first time since 2022 as EU warns of new crisis · Euronews.com
EQNR Q2 2026 Earnings: EPS Misses Estimates as Shares Slip 1.25% - Revenue Miss Report · https://www.dars.gov.et/
Trump’s oil and gas investments have doubled since the Iran war · The Independent
Gold price shoots to session high $4,048/oz after Consumer Confidence rises to 91.7 · Kitco
President Trump boasts record consumer confidence numbers ahead of Texas rally · Fox News
Trump: Consumer Confidence is up 7.5%, an extremely big rise. Thank you! President DONALD J. TRUMP · Forex Factory
3 LNG Stocks Retail Investors Are Watching As Hormuz Disruption Reshapes Global Gas · Simply Wall Street
Gas prices under Trump eclipse highs of Biden era, federal data reveals · The Independent
Trump ignores his own team’s advice, celebrates higher oil prices · MS NOW
Brits face more pump price misery as Chancellor plots new petrol tax in Budget · The Sun

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