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LNG prices in UK jump 107% in just 2 days amid Middle East war
short by Ashley Paul / on Tuesday, 3 March, 2026
Natural gas prices in UK doubled in just two days since the start of the Middle East war, which disrupted fuel supplies. The prices of natural gas jumped 107% from £0.7857/thm (₹96.20) on February 27 to £1.6325/thm (₹199.78) in intraday trade on Tuesday. This comes as Iran threatened to set fire to ships that pass through the Strait of Hormuz.