Equinor warns European gas storage at 35% could reach critical levels if the Strait of Hormuz stays closed 1-3 months, threatening the EU's 90% winter target.

If the Strait of Hormuz remains shut and the US were to restrict gas exports to Europe, prices would jump above the 2022 peak, researchers warn.

Equinor warns European gas storage at 35% could reach critical levels if the Strait of Hormuz stays closed 1-3 months, threatening the EU's 90% winter target.