Europe Faces High War-Related Gas Prices Through 2027, HSBC Says

🇩🇪 Bloomberg (DE) —

AI Summary

HSBC projects European natural gas prices will be 40% higher than previously forecast for 2026, remaining elevated through 2027, due to the Iran war and closure of the Strait of Hormuz causing a supply shortfall. The disruption to Middle East energy flows is expected to have prolonged effects on European energy markets. This represents a significant upward revision to prior price outlooks.

European natural gas prices will be a whopping 40% higher than previously projected for 2026 and will stay elevated through 2027 as the Iran war and closure of the Strait of Hormuz set off a supply shortfall, according to a report from HSBC Holdings PLC.

World Conflict Markets Commodities Energy Shipping natural gas Europe Strait of Hormuz Iran war energy prices HSBC supply shortfall 2026 outlook

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