"As the European gas market heads into winter with unusually low inventories, its flexibility to absorb further supply or demand shocks is limited..."

European gas prices jumped Tuesday to their highest level since the 2022-2023 crisis as storage lags and the Middle East crisis disrupts LNG supply.

With gas reserves unusually thin for this point in the year, Europe heads into winter bracing for higher energy bills, analysts have said. Benchmark European gas prices pushed…