Gas Price Shock Hits Households as Trump Policy Threatens US Renewable Boom

The Iran war's disruption of the Strait of Hormuz has reignited European inflation fears, with natural gas prices—not oil—emerging as the primary concern for policymakers and bond markets. European benchmark natural gas has surged to a five-month high as the continent scrambles for LNG supply ahead of winter, while the UK's energy regulator has announced a 4% price cap increase effective October 1, pushing household bills to a three-year high.

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