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Europe Gas Prices Jump 5% to Highest Level Since 2023

European benchmark natural gas prices jumped by 5% in early morning trade on Monday as the re-escalation of hostilities between the United States and Iran intensified concerns about LNG supply from the Middle East. The benchmark price at the Dutch Title Transfer Facility (TTF) soared by 5% in morning trade in Amsterdam, and the price topped 70 euros, or $81.20, per megawatt-hour (MWh), after the U.S.