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Perfect Storm Hits Energy Markets

Another flare-up in the Middle East, combined heat waves during the peak tourism season and Europe’s push to replenish natural gas reserves before winter is driving a new wave of increases across the energy sector and deepening uncertainty in global markets.

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Right

High temperatures are pushing up electricity demand, new flare-up in the Middle East is fueling a new rally in natural gas and oil, and the rise in wholesale prices is paving the way for higher electricity tariffs in August.

·Marousi, Greece
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Households and businesses will have to deal with significant price increases during July, due to the sharp rise in the value of the #StarGrNews

·Kifisia, Greece
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Protothema broke the news in Marousi, Greece on Tuesday, July 21, 2026.
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