European gas prices approach Iran war highs as traders fret over winter supplies

Brent North Sea crude, surpassed $95 (€83) per barrel for the first time in nearly six weeks.

Oil price at six-week high of $95 a barrel amid Trump threats

Shortly after 4 a.m. ET, global benchmark Brent crude futures for July delivery were almost 4% higher at $94.23.

The price of oil surged nearly 5% on Wednesday as U.S. officials talked down the chance of new peace talks after an 11th straight night of strikes on Iran and with major disruption now facing two of the world’s key supply routes.