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flag European natural gas prices spiked above $390 per 1,000 cubic meters in late September 2025 due to supply issues and market volatility.

flag Natural gas prices in Europe surged past $390 per 1,000 cubic meters in late September 2025, driven by supply dynamics and market volatility, while oil prices held near flat amid conflicting forces: geopolitical tensions in the Middle East and Eastern Europe, ongoing Ukrainian drone attacks on Russian energy infrastructure, and concerns over global demand. flag The European Union advanced plans to ban Russian LNG imports early, and the U.S. pushed allies to impose higher tariffs on Russian crude, though Saudi Arabia’s exports dipped in July and Iraq increased output under OPEC+ agreements. flag Despite supply disruptions and rising geopolitical risks, oil markets remained stable as demand concerns tempered price gains. flag Gold futures hit a record above $3,800 per troy ounce, and global attention focused on Gaza, where hospitals closed amid military operations, and on UN efforts to recognize Palestinian statehood.

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