Natural gas prices surge worldwide as Iran conflict crimps supply

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The conflict in Iran has sent natural gas prices soaring in Europe, thanks to a major gas exporter pausing production and key shipping routes closing, threatening a broader global energy crisis. 

The strikes on Iran by the United States and Israel, as well as Iran’s counterattacks, have caused major disruptions across liquefied natural gas markets, causing prices to jump in regions, particularly Europe, that rely on imports. 

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