European gas prices surge 85% as Iranian strikes target regional energy infrastructure
European natural gas prices jumped 85% following Iranian attacks on oil and gas infrastructure across multiple countries. Oil prices rose 8% while equity markets tumbled, with the S&P 500 down 2.5% and Korean stocks plunging 12%. The supply-side shock is reviving stagflation concerns as policymakers face simultaneous inflation and growth pressures.
ViaNews Editorial Team (Europe)•