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Wednesday
04
Mar 2026
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Goldman Sachs warning: Gas prices in Europe could surge 130% in worst-case scenario

Goldman Sachs has warned that a one-month disruption of shipping through the Strait of Hormuz could send European natural gas prices soaring by up to 130%, while the impact on U.S. markets would be limited

Goldman Sachs: Possibility of even higher oil and gas prices

The bank still assumes there will be no significant disruptions to flows, although "downside risks to energy supply and upside risk to our energy price forecasts have increased"

Gas prices soar after reports pipeline leak is “not an accident”

The pipeline, which started to leak over the weekend, runs between Finland and Estonia, across the bay of Finland.

How Gas Prices Compare Around the World (infographic)

Europe has been hit hard

Full Tank, Empty Wallet? – Greeks pay the highest, OECD shows (infographic)

Share of average monthly wage needed for 60 litres of petrol

Gas price could reach € 2 euros in the urban areas, says Gas Station Owners and Traders VP

He said prices are constantly fluctuating with an upward trend