Oil Prices Are Once Again on the Brink of $100

Oil prices surge toward $100 as Houthi attacks, U.S. strikes on Iranian tankers and renewed Middle East tensions rattle markets. Europe's Gas Prices Surge as Storage Fears Return - European natural gas prices have jumped to 75 per MWh $25.5 per MMBtu, the highest since 2022 and more than double their level a year ago, as the continent's low inventories spark fears of winter supply shocks. - Since the Al Nuaman LNG carrier delivered its cargo to Rovigo, Italy, in early April, the EU has not imported any Qatari LNG, equivalent to 8% of its 2025 imports. - European gas inventories are currently 66% full, with market watchers seeing Germany and the Netherlands as particularly vulnerable ahead of the winter season, with stocks at 54% and 48%, respectively.