EU Household Gas Prices Rise as Iran War Tensions Pressure Energy Markets

Household gas prices increased across European Union capitals between early February 2026 and early April 2026, reflecting pressure from Middle East tensions linked to the Iran war. The move points to renewed sensitivity in Europe’s retail energy markets to geopolitical supply risks. Electricity prices, by contrast, declined on average over the same period, underscoring a divergence between gas and power costs. The report did not provide specific percentage increases for gas or exact declines for electricity prices. The split suggests gas markets remained more exposed to geopolitical risk premiums, while electricity prices were influenced by separate factors, potentially including generation mix, demand conditions and wholesale power trends across Europe.