TTF natural gas prices climb back toward EUR 100 per MWh as renewed US strikes on Iran offset yesterday's 10% decline driven by hopes for a diplomatic resolution.
TTF fell by up to 10% yesterday from EUR 104 to EUR 93.5 per MWh on hopes of a diplomatic resolution to the Iran conflict, but renewed US strikes on Iran have since pushed it back toward EUR 100. That restores part of the geopolitical risk premium, supporting European gas prices in the near term.
Prices fell up to 10% yesterday, from EUR 104 to EUR 93.5 per MWh, on hopes for a diplomatic resolution to the Iran conflict, then rebounded toward EUR 100 after renewed US strikes on Iran.
EUR 100 per MWh, which TTF moved back toward after the renewed US strikes on Iran.
European natural gas prices are testing the EUR 100 per MWh threshold again as geopolitical instability returns to the market. Following a sharp 10% decline yesterday on diplomatic optimism, renewed US strikes on Iran have effectively restored the geopolitical risk premium for TTF futures.
Prices fell up to 10% yesterday, from EUR 104 to EUR 93.5 per MWh, on hopes for a diplomatic resolution to the Iran conflict, then rebounded toward EUR 100 after renewed US strikes on Iran.
EUR 100 per MWh, which TTF moved back toward after the renewed US strikes on Iran.