Energy prices change a lot. First, the price for natural gas in Europe rose a lot. The reason is the conflict between Israel and Iran. The fear of a war is big.
Prices for power and gas also rose in London. Many people fear high living costs. Poor people worry especially much.
Donald Trump made an important statement. He is the President of the USA. He will not let them attack Iranian energy sites for now. The USA puts these plans aside. This calmed the markets down. The prices for natural gas sank after this. The price for oil also went down. Stock markets reacted well to this news. Stock prices rose again.
Experts stay careful though. A leader of the Energy Agency gave a warning. A big war in the Middle East would be very bad. The crisis could be worse than in the 1970s. Then there was a big oil shock. People also compare this to the war in Ukraine. A long conflict could harm the world economy a lot. Europe would suffer from this especially. Experts in Austria are also worried about the situation.
