19 March prices for oil and gas prices on the world markets have skyrocketed. The reason was the attacks on gas fields by Iran and Israel. Investors are concerned about possible disruptions in energy supplies.
Rising oil and gas prices
World prices for oil and gas rose after reports of Iranian and Israeli attacks on gas fields. Brent crude oil rose by 4%, while the price of gas in Europe rose by 6%.
Traders reacted to the threat of energy supply disruptions from the Middle East. Markets remain volatile due to the escalation of the conflict.
Reasons for the price hike
The attacks took place against the backdrop of rising tensions between Iran and Israel. Both countries have struck at energy infrastructure.
Experts note that further escalation could lead to even greater price fluctuations. Investors are closely monitoring the situation.
Context.
Middle East remains a key region for global energy supply. Any conflicts in this region traditionally affect oil and gas prices.
Price increases may affect the cost of fuel for consumers in different countries.
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