European gas prices rise to €79

The news reports a significant rise in European gas prices, which jumped by 4.8% to reach their highest level since March 2023, the highest since May 20, 2023. This increase is due to escalating tensions in the Strait of Hormuz and growing concerns about gas supplies. Additionally, this surge was accompanied by a 2% increase in oil prices, driven by regional events that have impacted global energy markets.

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