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European natural gas prices rose by up to 35 percent on Thursday following attacks on energy infrastructure in the Gulf region. The benchmark Brent crude price climbed to 112 dollars per barrel, up from 107.38 dollars the previous day. Since the start of the conflict, crude oil prices have increased by more than 48 percent and have not fallen below 100 dollars per barrel since March 13.

In the United Kingdom, gas prices jumped more than 20 percent in the morning and later stood 23 percent higher at 171 pence per therm. Meanwhile, oil traded around 113 dollars per barrel, marking a 5 percent increase. Qatar’s state-owned energy company reported that two Iranian attacks caused significant damage to its main gas hub.

The developments have intensified concerns over global energy supply stability, with markets reacting sharply to the disruptions in the Gulf region.

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