Gas prices in Europe have risen sharply, risk is increasing
Gas prices in Europe rose by more than 30 percent in one day. This was reported by Zamin.uz.
April futures for the TTF index increased from the previous level of 500–550 dollars to 711 dollars per 1,000 cubic meters, which amounts to approximately 9,171,000 soms. This sharp rise was observed for the first time since January 2023.
The main reason for such a rapid price change was Iran's statements about closing the Strait of Hormuz. The energy resources market is responding very sensitively to geopolitical news in this crisis situation.
This situation once again demonstrated the market's fragility and how geopolitical factors affect its stability. Therefore, there is a need for energy market participants to reconsider their risk management strategies.
The volatility of prices shows that it is closely linked not only to economic but also to political factors.
