MOSCOW, March 3. /TASS/. The price of gas on the exchange in Europe has surpassed $700 per 1,000 cubic meters for the first time since January 2023 amid statements by the Islamic Revolutionary Guard Corps on blocking of the Strait of Hormuz, according to data from London’s ICE.
The MOEX Index with additional IMOEX2 ticker rose by 0.45% as morning trading session started on the Moscow Exchange as of 7:00 a.m. Moscow time (4:00 a.m. GMT), reaching 2,848.3 points.
TASS has compiled the main facts on the economic situation amid Middle East tensions.
The price of gas on the exchange in Europe has surpassed $700 per 1,000 cubic meters first since January 2023, according to data from London’s ICE.
The price of April futures contracts at the TTF hub in the Netherlands has jumped to around $711 per 1,000 cubic meters, or 59.015 euro per MWh (based on the current exchange rate of euro to dollar, figures for ICE are presented in euros per MWh).
