European gas prices surged this week after liquefied natural gas production in Qatar was halted and shipping routes in the Strait of Hormuz were disrupted. While several EU countries face potential supply pressure, Czechia is not directly exposed to the current outage. At the Dutch TTF hub, the benchmark for European gas trading, prices climbed sharply. On Tuesday morning, gas rose by 26 percent to more than €56 per megawatt-hour. By midday, April contracts exceeded €64 per MWh, marking a rise of roughly 45 percent since the start of the week. The escalation follows attacks on energy infrastructure in the Middle East. On Monday, the Qatari state energy company QatarEnergy suspended LNG production after drones struck its Ras Laffan industrial complex and a power facility. Iran also targeted oil installations in Saudi Arabia, forcing parts of a refinery operated by Saudi Aramco to halt operations. Shipping traffic through the Strait of Hormuz — a key corridor for global energy exports from Qatar and the United Arab Emirates — has been blocked since the weekend. The disruption immediately affected commodity markets. On Monday alone, European gas prices jumped by as much as 50 percent. Qatar supplies roughly 10 percent of Europe’s... The post Middle East Conflict Drives Gas Higher, Is Czechia at Risk? appeared first on Prague Morning .