European power markets have been barely impacted by this year's Mideast conflict, in sharp contrast to the Ukraine crisis four years ago.

European natural gas prices rise to a four-month high amid Middle East tensions. Crude oil reaching a new all-time high by September 30 at 6.2% YES.

Another flare-up in the Middle East, combined heat waves during the peak tourism season and Europe’s push to replenish natural gas reserves before winter is driving a new wave of…