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Wholesale gas prices in Europe have surged to a 10-week high, surpassing €32 per megawatt-hour, fueled by rising demand expectations and geopolitical tensions in Iran. The TTF trading hub's next month's gas futures contract rose nearly 5% to about €31.7 per MWh, with ongoing protests in Iran raising concerns over potential LNG supply disruptions. Additionally, forecasts indicate a drop in temperatures in Northwestern Europe, likely increasing heating demand.