European gas prices hit highest since March, topping €60/MWh

European natural gas prices broke through the €60 per megawatt-hour barrier, reaching their highest level since March 2026 for the sixth consecutive session of gains. Fighting in the Middle East has halted LNG flows through the Strait of Hormuz, causing a significant drop in European gas reserves. Brokers warned Monday that the supply disruptions show no sign of easing.