Dutch TTF natural gas futures surged to €50 per megawatt-hour, a 60% increase since US and Israeli strikes on Iran closed the Strait of Hormuz. This has raised concerns about Europe's energy security, as gas inventories are at their lowest levels in years. Economists warn that disruptions could lead to higher inflation and reduced economic growth. The conflict has also caused significant logistics disruptions, affecting global shipping and air cargo. European currencies have weakened amid rising geopolitical risks, further complicating the economic outlook.