Europe counts the cost as Iran war disrupts energy shipments

Europe woke to a fresh surge in energy prices on Monday as the escalating war in the Middle East disrupted oil shipments and natural gas production in one of the world’s most critical energy-producing regions. The continent’s benchmark natural gas price, the Dutch TTF, rose by more than 40 per cent at one point amid mounting reports of supply disruptions following American and Israeli attacks on Iran and Iranian retaliation against regional targets. Qatar’s state-owned QatarEnergy said it had...