StanChart: Europe’s Gas Prices Could Spike Above $90/MWh By The Summer

What: European natural gas futures are rising due to uncertainty over a Middle East ceasefire and threats to energy infrastructure.
Why: The potential for a gas price spike is driven by geopolitical tensions and supply disruptions.
Signal: A Middle East ceasefire rejection and ongoing threats to energy infrastructure are sending a strong signal to investors.
Target: European gas prices could reach above **$90/MWh** by the summer, a significant increase from current levels.
Risk: Investors face significant risks due to the volatile nature of the global energy market and potential supply chain disruptions.