Gas Prices Explode, Security Becomes Scarce
nergy prices under massive pressure: Following the attacks by the United States and Israel on Iran and subsequent Iranian countermeasures, the European gas market is experiencing severe turbulence. The situation around the Strait of Hormuz is causing significant disruption to international LNG trade. In the Netherlands, energy suppliers are responding by limiting fixed term contracts, reducing bonuses and adjusting their offers at short notice. At the same time, demand for price certainty is rising sharply. For consumers, this already translates into noticeably higher costs.