Strait of Hormuz closure impact on the global gas market
March 3, 2026
European power prices fell across most major markets in the final week of February, with weekly averages remaining largely below €75/MWh. The decline was driven by a sharp increase in solar photovoltaic generation, including record February output in Germany, France and Italy, combined with lower electricity demand amid milder temperatures. However, wind energy production dropped significantly in several markets, particularly […]
