European energy markets extended their upward trajectory last week, with benchmark gas and power prices posting significant weekly gains.
The TTF gas index, the primary reference for European natural gas trading, surged 7.88% compared to the previous week.
Electricity prices for delivery in Slovakia also climbed, rising 3.09% over the same period.
The sharp move in gas futures underscores the persistent risk premium embedded in European energy contracts.
Traders are pricing in continued supply uncertainty as geopolitical tensions in the Middle East show no signs of abating.
The repricing reflects market anxiety over potential disruptions to global energy flows, particularly given the fragile state of the US-Iran ceasefire.