European Gas Prices Rebound on Iran War Uncertainty

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European benchmark natural gas prices rebounded 2.7% on Wednesday, rising above $96.85 per megawatt-hour after reaching a one-month low earlier in the week. The article attributes the move to renewed uncertainty surrounding the Iran war.

European benchmark natural gas prices rebounded on Wednesday from the one-month low hit on Tuesday, as uncertainty about the Iran war returned to the energy markets following steep selloffs in recent days.  The front-month price at the Dutch Title Transfer Facility (TTF), the benchmark for Europe’s gas trading, rose by 2.7% as of 9:30 a.m. in Amsterdam on Wednesday, topping $96.85 (87 euros) per megawatt-hour (MWh).   Prices rebounded from the one-month low of $91.30 (82 euros) per MWh from earlier this week, when the oil and…