The situation in Iran worsens, causing financial market turmoil in Europe and the United States, and natural gas prices to spike.

Due to the impact of the US attacking Iran, risk aversion sentiment in the European financial markets has noticeably intensified. On the 2nd, European natural gas prices surged over 50% in intraday trading, with London Brent crude futures prices soaring. European and American stock markets opened with significant declines. The European market is closely monitoring the situation in the Strait of Hormuz in Iran. As one of the world's top three liquefied natural gas exporting countries, nearly all of Qatar's liquefied natural gas is transported through the Strait of Hormuz, accounting for about 20% of global supply. About one-fifth of the world's total oil transportation passes through this strait. Due to Qatar Energy Company announcing the suspension of liquefied natural gas production due to facilities being attacked, the European benchmark natural gas price surged over 50% in intraday trading on the 2nd. At the same time, Brent crude futures prices soared nearly 13% to $82.37 per barrel, reaching their highest level since January 2025.