Economy

European gas price tops $750 for first time since March

The price of gas on the European market exceeded $750 per thousand cubic meters for the first time since March 19, amid escalating tensions in the Middle East.

FinFly NewsroomJuly 23, 2026120 views1 min read

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The price of gas on the European exchange has exceeded $750 per thousand cubic meters for the first time since March 19, amid a new wave of escalation in the Middle East conflict. This is evidenced by data from the London-based ICE exchange.

The cost of the August futures contract on the TTF hub in the Netherlands rose to around $756 per thousand cubic meters, or €63.945 per MWh (based on the current euro-to-dollar exchange rate; ICE prices are quoted in euros per MWh). Quotes were up more than 1% from the start of the day.

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March 19
Gas price in Europe was below $750
This week
Escalation in the Middle East
After that
Gas price exceeded $750 for the first time since March 19

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European gas price tops $750 for first time since March

The story in one minute

What happened before

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