Mar. 28 at 5:01 PM
$TNZ.TSX
$VG $OIL $ATH.TSX
🚨 European Gas +73% & Oil +23%
The Middle East War Is Now Pricing Into Energy Markets
The divergence is striking.
• Dutch TTF gas: +73%
• Brent crude: +23%
• Gold: barely moving
Why gas is exploding faster:
⚠️ 20% of global LNG passes through Hormuz
⚠️ Qatar supplies ~20% of global LNG
⚠️ Europe now depends heavily on seaborne LNG
So the market is repricing a potential LNG shock, not just oil risk.
If disruptions persist:
• LNG cargoes tighten globally
• Europe competes with Asia for supply
• Gas prices move first. Oil follows.