European natural gas prices slump, echoing oil price drop, amid Iran deal hopes

🇬🇷 Hellenic Shipping News (GR) —

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European natural gas prices dropped significantly, mirroring a fall in oil prices amid growing hopes for a peace deal between the U.S. and Iran that could reopen the Strait of Hormuz. The Dutch TTF front-month contract fell by 5.6% to 45.945 euros per megawatt hour.

European natural gas prices sank on Monday, mirroring a fall in oil prices, as hopes grew for a peace deal between the U.S. and Iran that will reopen the Strait of Hormuz. By 09:08 ET (13:08 GMT), the benchmark Dutch front-month contract at the TTF hub had slumped by 5.6% to 45.945 euros per megawatt ...

World Politics Markets Commodities Energy Shipping natural gas prices oil price drop Iran deal Strait of Hormuz European energy market Dutch TTF hub

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