The price of natural gas rose more than 30% at the opening of trading today, 9 March, reaching €69 per megawatt-hour (MWh), due to the conflict in the Middle East.
According to Bloomberg data compiled by the Spanish news agency EFE, at 7:00 am, the price of natural gas for delivery in one month on the Dutch TTF market, a benchmark in Europe, rose 30.02%, to €69 per megawatt-hour (MWh)
On Friday, 6 March, natural gas prices had risen another 5.23%, closing at €53.38.
Regarding Brent crude oil prices, at 6:30 am, it was trading at €109.62, up 17.53%, according to Bloomberg data.
The price of crude oil has risen more than 40% since the start of the US-Israel trade war against Iran on 28 February.