Dutch TTF natural gas futures dropped 2.2% as markets priced in potential supply relief following U.S. midterm election results that may influence the Iran war and Strait of Hormuz shipping lanes.
The front-month TTF price fell 2.2% by 9 a.m. Amsterdam on Thursday, extending Wednesday’s decline, after the Democratic U.S. midterm victory raised hopes of ending the Iran war and restoring LNG flows through the Strait of Hormuz. Lower supply-risk expectations weigh on European gas, though the move rests on hopes rather than a confirmed resolution.
The front-month TTF price fell 2.2% after the U.S. midterm elections raised hopes of a resolution to the Iran war and a return of LNG flows through the Strait of Hormuz.
The front-month TTF price fell by 2.2% as of 9 a.m. in Amsterdam on Thursday, extending Wednesday’s decline.
European natural gas prices extended their decline on Thursday, with the benchmark Dutch TTF falling 2.2% in early trading. The move follows the Democratic victory in U.S. midterm elections, which investors believe could pave the way for a resolution to the Iran war and the restoration of critical LNG flows through the Strait of Hormuz.
The front-month TTF price fell 2.2% after the U.S. midterm elections raised hopes of a resolution to the Iran war and a return of LNG flows through the Strait of Hormuz.
The front-month TTF price fell by 2.2% as of 9 a.m. in Amsterdam on Thursday, extending Wednesday’s decline.