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Gas price in Europe surpasses $550 as Qatar suspends LNG output

The price of April futures contracts at the TTF hub in the Netherlands has jumped to around $559 per 1,000 cubic meters

MOSCOW, March 2. /TASS/. The price of gas on the exchange in Europe has surpassed $550 per 1,000 cubic meters first since February 2025 as Qatar suspended LNG production due to the US and Israel’s military operation against Iran, according to data from London’s ICE.

The price of April futures contracts at the TTF hub in the Netherlands has jumped to around $559 per 1,000 cubic meters, or 46.085 euro per MWh (based on the current exchange rate of euro to dollar, figures for ICE are presented in euros per MWh).

Prices of gas futures contracts in Europe are at their highest levels since February 2025.

State-owned oil and gas company Qatar Energy has announced suspension of production of LNG and related products due to Iran’s air strikes.

Earlier, Qatar’s Defense Ministry said two Iranian drones had attacked a water tank at a power plant in Mesaieed and a facility of Qatar Energy in Ras Laffan.

The United States and Israel launched a large-scale military operation against Iran on February 28. Major Iranian cities, including Tehran, were struck. The White House justified the attack by citing alleged missile and nuclear threats from Iran. At the same time, US leadership openly called on the Iranian population to rise up against their government and seize power. As a result of the strikes, Iran’s supreme leader, Ayatollah Ali Khamenei, and several other senior figures in the leadership of the Islamic Republic were killed. The Islamic Revolutionary Guard Corps announced a retaliatory operation, targeting sites in Israel. US military bases in Bahrain, Jordan, Qatar, Kuwait, the UAE, and Saudi Arabia were also hit.

Global oil market could lose up to 10 mbd amid escalation in Middle East — expert

Anastasia Levchenko, Researcher at the Gaidar Institute's Industrial Organization and Infrastructure Economics Department, said that Brent price could gain another $20

Diplomat compares West's tactics on Iran with its behavior over Minsk agreements

Russian Foreign Ministry Spokeswoman Maria Zakharova says there is no information on Iran withdrawing from the negotiations

Remote detonation of explosive devices kills three police officers in late 2025, 2026

Russian Interior Ministry Spokeswoman Irina Volk explained that mobile communications, social networks, and messengers are actively used by Ukrainian security services to recruit Russians to commit various crimes

Escalation on Middle East can lead to the biggest gas market crisis since 2022 — Bloomberg

As noted, 20% of global LNG supplies pass through the Strait of Hormuz, and after its closure, they were effectively blocked

Aggression against Iran may lead to escalation beyond region — Russian envoy

Vasily Nebenzya says it is unacceptable to use military force amid negotiations "in full swing"

FACTBOX: What is known about oil, gas prices amid Middle East tensions

Russia’s leading indices rose as the main trading session started

Saudi Aramco refinery in Saudi Arabia halts operations after drone strike

"There's a small fire, described as isolated and under control, at Saudi Aramco's Ras Tanura," journalist Matthew Martin said

Israeli army to call up 100,000 reservists amid situation around Iran

The Israel Defense Forces is preparing to increase readiness across multiple fronts in Operation Roaring Lion targeting Iran

Pro-Iranian group attacked US base in Iraq’s Erbil — Fars

The news agency reported a plume of smoke at the facility

NetBlocks records 48-hour internet blackout across Iran

According to NetBlocks, "the voices of 90 million Iranians" have been silenced

IDF detects rocket launches from Lebanon for first time since ceasefire — press service

A projectile that crossed from Lebanon into Israeli territory was intercepted by the Israeli Air Force

Lavrov condemns US-Israeli aggression against Iran in phone call with his UAE counterpart

The two top diplomats "highlighted the destabilizing nature of the military escalation in the region that poses security threats to the Arab countries in the Persian Gulf"

Lavrov, Wang Yi express readiness to promote stabilization in Middle East

The two top diplomats condemned the United States and Israel’s massive strikes on the Iranian territory carried out despite Tehran’s openness to dialogue, the Russian foreign ministry said

Settling political scores and plans to destroy Iran: Russian diplomat’s statements

Russia "strongly and categorically condemns" the United States and Israel’s aggression against Iran, Russian Permanent Representative to the Vienna-based international organizations Mikhail Ulyanov said

Kiev forces lose HIMARS launcher, Grad combat vehicle in Battlegroup North zone

The Ukrainian armed forces lost more than 200 servicemen, the Russian Defense Ministry reported

Russia appreciates US mediation on Ukraine but relies on itself only — Kremlin

Dmitry Peskov commented on Washington’s mediation toward resolving the Ukraine conflict amid the US attack on Iran

Iran launches another attack on US bases in Middle East — news agency

According to the report, the attacks targeted Bahrain, Kuwait, Abu Dhabi and Dubai in the UAE, as well as Doha in Qatar

Operation against Iran overturns global order — expert

Director of the Nuclear Studies Institute at American University Professor Peter Kuznick says it is impossible to predict "how or when it’s going to end"

Retaliatory Iranian strikes affect ten countries in Middle East

Namely, Bahrein, Jordan, Iraq, Qatar, Kuwait, Oman, Saudi Arabia, and the United Arab Emirates, where US military bases are stationed, came under Iranian missile and drone attacks

Durov’s fortune loses $2.24 bln in February 2026 — Bloomberg

It decreased to $12.1 bln

Ukrainian troops strike Kursk border area 29 times in past 24 hours

Alexander Khinshtein said that no one was injured

New Israeli attack on Beirut leaves Hezbollah commander dead — agency

Rockets were fired at a stadium, though no information has been released on the consequences of that strike

In Russia’s Novorossiysk, 4 apartment buildings damaged in UAV attack, 1 person injured

Emergency services are working on site

Norden halted navigation across Strait of Hormuz — Reuters

The company is dealing with dry and liquid cargo transportation and has a fleet of about 500 vessels

Russian embassy in Ankara reports attempted sabotage on TurkStream, Blue Stream

Earlier, Kremlin Spokesman Dmitry Peskov said that Russian intelligence services have information about the Kiev regime’s preparations for sabotage on the Black Sea gas pipelines

IRGC announces launch of 7th, 8th stages of Operation True Promise-2

It was to retaliate the Israeli and US aggression

FACTBOX: Reports of injuries in Novorossiysk as 172 Ukrainian drones hit Russian regions

Five people were wounded in the attack on Novorossiysk in southern Russia, 17 residential buildings, including eight apartment buildings, and a daycare center were damaged

Iran targets German bases in Jordan, Iraq — magazine

While all projectiles and drones were neutralized by air defense systems, one US soldier was affected by falling debris, Der Spiegel reported

Strait of Hormuz open to tankers ‘until further notice’ — Iranian official

Former commander of the Islamic Revolutionary Guard Corps General Mohsen Rezaei said that the American military and their contingent in the region are now considered "legitimate targets" for Tehran

Trump allows for lifting of sanctions if new Iranian leadership proves pragmatic — NYT

At the same time, the US leader refused to clarify whether the US would in any way support those attempting to overthrow the current Iranian authorities

IRGC announces launch of another series of attacks on Israeli, US targets

The strikes target all US and Israeli facilities in the Middle East

US president tells NYT he sees three candidates for post of Iran's leader

Donald Trump declined to respond to a request to name specific names

Five police officers killed in Ukrainian attack on Kherson Region

Another six policemen were wounded

Nuclear weapons are now only deterrent to world — top lawmaker

"The international institutions that were once established have been weakened," Vyacheslav Volodin said

France ready to participate in defense of friendly countries following Iranian strikes

French Foreign Minister Jean-Noel Le Drian specifically named Bahrain, Jordan, Iraq, Qatar, Kuwait, the United Arab Emirates, Oman, and Saudi Arabia

Oil may climb to $100 per barrel amid Middle East conflict — experts

According to Alexey Mikheyev, investment strategist at VTB My Investments, if the conflict were suddenly resolved under current conditions, the global oil market balance would not be significantly affected

Operation against Iran unlikely to affect Russia-US talks on Ukraine — expert

According to Mark Episkopos, "compartmentalization of other regional issues has served both sides well, with steady progress toward a diplomatic solution in Ukraine"

At least 150 tankers drop anchor in Persian Gulf — agency

According to the agency, the tankers are clustered in open waters off the coasts of major Gulf countries

Enemy stands no chance of crossing to Dnieper’s left bank in Kherson region — governor

Despite the difficulties associated with the operational situation, the region continues to develop, Vladimir Saldo noted

Gulf countries call on Iran to immediately cease aggression against them

According to the GCC declaration , "the Gulf countries will take all measures to ensure their own security"

Kallas announces reinforcement of EU naval mission Aspides — Reuters

EU foreign policy chief pointed out that additional ships will be supplied

UAE moves to close its embassy in Iran — foreign ministry

The move comes amid what the ministry called blatant Iranian missile attacks targeting Emirati soil

No plans to close Strait of Hormuz at this stage, Iran’s top diplomat says

Iran has no intention to block navigation there, Abbas Araghchi said

Russia ready to mediate in defusing tensions in Middle East — ambassador to Israel

Anatoly Viktorov also recalled that Russian Foreign Minister Sergey Lavrov has already engaged in several telephone conversations with regional counterparts

Eight die, 28 wounded in Israel’s Beit Shemesh after Iranian shelling attack

According to the national ambulance service, two of those wounded people are in critical condition

US to continue operation against Iran until it achieves its objectives — Trump

The US leader emphasized that Washington "cannot allow" Iran to possess long-range missiles

Iranian strikes on US bases kill 200 servicemen — IRGC

The US and Israel earlier launched a military operation against Iran

Iran vows retaliation after Khamenei’s death, dismisses US nuclear accusations as lies

Iranian permanent representative to international organizations in Vienna Reza Najafi condemned the US attack on Iran as a "crime and aggression"

Explosion takes place at British Akrotiri air base in Cyprus — In-Cyprus portal

Aircraft began taking off from the base's airfield, the portal said

US operation against Iran moving `ahead of schedule’, Trump says

Things are evolving in a very positive way right now, the US President said

Twenty-four Pakistanis killed during protests against US strikes on Iran - news agency

Protests took place near US consulates in the country on March 1

Russian troops liberate three communities in Ukraine operation over past day — top brass

According to the latest figures, the Ukrainian army lost roughly 1,260 troops in battles with Russian forces in all the frontline areas over the past 24 hours

Press review: Iran derails US‑Israeli plans while Middle East conflict boosts oil and gold

Top stories from the Russian press on Friday, Match 2nd

Iran's supreme leader now at headquarters — TV

According to the source, Ayatollah Ali Khamenei is personally directing military operations

Putin calls Khamenei's assassination ‘cynical violation of all moral and legal norms’

The Russian President has condemned the assassination of Iran's Supreme Leader

US faces unprecedented scale of simultaneous attacks on overseas bases — WSJ

The source reported that Washington had been prepared for the attacks

Brent crude oil price rises by 12.2% amid escalation in the Middle East — trading data

According to Rystad Energy analysis, continued conflict in Iran and a halt of tanker traffic through the Strait of Hormuz could lead to a 20% price increase

Iran claims to have destroyed US naval base in Kuwait

Three other US naval infrastructure facilities in Kuwait were also destroyed, IRGC said

Pro-Iranian group claims responsibility for attack on Erbil airport

The group announced a large-scale operation against US military facilities in Iraq to avenge the killing of Iran’s Supreme Leader Ayatollah Ali Khamenei

Three officials to temporarily lead Iran

IRNA news agency did not disclose the length of the transitional period and the scope of the authorities of the officials

US acknowledges there was no intelligence about Iran planning to attack first — Reuters

US President Donald Trump previously made this statement

At least 172 Ukrainian drones shot down over Russian regions overnight — defense ministry

67 of them were destroyed over the Black Sea waters

Iran attacks at least six US military bases in Middle East — NYT

Iran has targeted US bases in Bahrain, Iraq, the United Arab Emirates and Kuwait

IN BRIEF: What is known about Israeli offensive in Lebanon

The Shia group Hezbollah will not leave the battlefield and will continue its resistance, the organization's Secretary General Sheikh Naim Qassem said

Damage to nuclear power plants in Iran, UAE to cause disaster — nuclear scientist

Damage to the Bushehr nuclear power plant in Iran and the Barakah nuclear power plant in the UAE during hostilities could have catastrophic consequences, including radiation contamination of the Persian Gulf, Alexander Uvarov, a nuclear industry expert and director of the AtomInfo-Center, said

Iran launches hypersonic missiles in response to US, Israeli strikes — news agency

The US and Israel earlier launched a military operation against Iran

US possesses ammunition reserves to continue strikes on Iran — Trump

The US leader reportedly ignored "the Pentagon’s concerns that the conflict could further deplete reserves that military strategists have said are critical to" deterring threats in other regions

Gas prices in Europe surge 20% amid US military operation in Iran

The price of the April futures contract at the TTF hub in the Netherlands rose to around $470 per 1,000 cubic meters

Kellogg calls Kiev's statements "posturing" amid "catastrophic losses"

The conflict needs to be brought to an end, the US Special Presidential Envoy for Ukraine emphasized

Tanker under US flag attacked in Bahrain port — Reuters

The crew promptly left the ship and was not injured

US shifts to attempt to dominate through pure force — political scientist

Washington has forgone any claim "to be a benevolent hegemon," the director of the Eurasia Program at the Quincy Institute for Responsible Statecraft says

Middle East on the brink of major war — Russian ambassador to Israel

"In Lebanon, Israeli authorities have not ceased their operations," Anatoly Viktorov said

US may attack Cuba following operations against Venezuela, Iran — Atlantic

According to the report, Donald Trump sees himself as the first modern American leader who could complete what others only flirted with

Battlegroup North drones destroy more than 30 Ukrainian personnel in past day

The chief of the battlegroup’s fire control, call sign "Karta," said that unmanned systems crews of the Battlegroup North’s 11th Corps also destroyed communications centers, Starlink satellite stations, and signal amplifier antennas for controlling drones of Ukrainian forces

UK, French paratroopers prepare for deployment to Ukraine — newspaper

The newspaper noted that the strength of the UK Armed Forces was approximately 70,000, which is the lowest figure in more than 200 years

Special Russian emergencies ministry flight from Egypt arrives in Moscow

On board the aircraft are 84 Russian citizens, all of whom are diplomatic workers and members of their families

IRGC say disabled air defense radar in UAE, US ship

The Islamic Revolutionary Guard Corps noted that Iranian forces "continue targeting the US fleet deployed to the region"

Iranian missiles hit targets in Gush Dan metropolitan area in central Israel — news agency

No additional details were provided

Impact on Russia from Middle East conflict depends on its duration — experts

In conditions of high uncertainty, one can only speak of a general increase in risks, Anton Tabakh, chief economist at rating agency Expert RA, emphasized

Iran’s missile attack target CIA headquarters in Dubai — Fars

Information was received earlier about four people injured after Iran’s attack against the Dubai International Airport

West turns even obvious situation with attack on Iran upside down — Russian MFA

Spokeswoman Maria Zakharova says that a public misunderstanding makes European representatives reiterate their position

Israel refutes reports about missile attack on Netanyahu’s office

The Islamic Revolutionary Guard Corps said earlier that Iran had delivered a missile strike on Benjamin Netanyahu’s office

British Akrotiri base in Cyprus damaged by drone strike — Cyprus Mail

According to the newspaper, a small drone had impacted the airfield of the base

Khamenei’s murder constitutes attack on core principles of international law — Araghchi

Iranian Foreign Minister stated that "the deliberate targeting of the Highest Official of the Islamic Republic of Iran, therefore, constitutes a grave and unprecedented breach of the most fundamental norms governing relations among states"

Iran's ambassador to Astana says that conflict with US will be long

Iranian ambassador to Kazakhstan, Ali Akbar Jokar, has sharply criticized US President Donald Trump's advisers

Over 200 people involved in SIM box operations detained in Russia since September 1, 2025

The Federal Security Service together with the Internal Ministry and the Investigative Committee has opened and interrupted the functioning of more than 100 illegal communication channels used by Ukraine’s special services to involve Russian citizens in sabotage and terrorist activities

No radiation threat, Bushehr plant stable — IAEA chief on situation around Iran

The IAEA has been unable to re-establish contact with Iranian nuclear regulatory authorities so far

Iran attacked more than 20 US bases — IRGC

The headquarters of the Israel Defense Forces and a defense complex in Tel Aviv were also among the targets, according to the IRGC

US aircraft carrier USS Abraham Lincoln moved away from Iran after strike — IRGC

The US Central Command reported that the carrier came under fire but was not hit

Pentagon Chief says US didn't start the conflict with Iran

Washington will finish it, Pete Hegseth said

Number of US, Israel targets in Iran tops 2,000 — WSJ

According to the publication, the American and Israeli military leaderships have been preparing a list of potential targets over the past few months

UN chief claims principle of self-determination does not apply to Crimea, Donbass

Antonio Guterres said that the Office of Legal Affairs came to this conclusion after a very careful study

British forces in Ukraine constitute legitimate target for Russian army — Russian envoy

Earlier, the UK Defense Ministry reported that a headquarters unit of the so-called multinational forces for Ukraine has begun work as part of preparations for sending troops to Ukrainian territory from the countries which have declared themselves part of the Coalition of the Willing, after the end of the conflict

US mercenaries fabricate tall tales to join Ukrainian foreign legion

Americans claim fictitious participation in Operation Red Dawn and inflate their years of service

Israeli strikes on Lebanon leave over 30 dead, 149 wounded — Health Ministry

According to the report, the number of victims may rise as rescue operations continue in the Haret Hreik and Al-Jamous neighborhoods on the southern outskirts of Beirut, where missiles struck two residential buildings

Iran’s MFA confirms defense chief, other senior generals were killed in US-Israeli attacks

The Iranian Ministry of Foreign Affairs said that these people were at the forefront of defending the country’s independence

New strikes, casualties on both sides: Middle East conflict

Iran used missiles and drones for new attacks on US military bases in the Middle East, Fars said

Press review: Iran offers oil deals as US sets deadline and Iceland eyes EU entry

Top stories from the Russian press on Friday, February 27th

US missile defense systems fail to secure airspace from Iranian strikes — expert

Alexander Stepanov noted that the destruction of any system or a strike on a high-tech facility would entail the loss of personnel operating them, in this case, US military personnel

Russia draws its conclusions based on outcome of US-Iran talks — Kremlin

"We are continuing to work in our own interests," Dmitry Peskov stressed

Trump asserts Iran eager for deal with US

The US president said that Iran should have made it a week ago