The price of natural gas in Europe has reached its highest level in over three months due to the conflicts in the Middle East. The benchmark TTF futures contract for delivery in a month’s time rose to €33.95 ($36.12) per megawatt hour on the Amsterdam stock exchange on Wednesday. This is the highest price since the beginning of January. Over the past week the price of natural gas has risen by more than 20%, making up for the price decline in the first few months of the year. One reason for the rise is investors’ fear of a new war in the Middle East and the potential impact on gas supplies from…