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European natural gas falls 8.6% as Middle East tensions ease
U.S. paused strikes on Iran and Tehran signaled a halt to retaliatory attacks, helping Dutch TTF August 2026 drop to about $66.3 per MWh, down from Friday’s intraday high above $73.
European natural gas prices dropped sharply at the open in Amsterdam on Monday, falling 8.6% as the United States paused strikes on Iran over the weekend and Tehran indicated it would halt retaliatory attacks across the Middle East, OilPrice reports.
OilPrice says hopes for de escalation also weighed on oil, with Brent Crude dropping to about $90 per barrel in Asian trade. Europe’s benchmark natural gas prices had surged over the prior two weeks amid renewed hostilities, but retreated on Monday from last week’s multi month highs.
According to OilPrice, the August 2026 Dutch TTF Natural Gas Futures contract slid as much as 8.58% to $66.29, or 58.12 euros, per megawatt hour as of 6:46 a.m. Amsterdam time, compared with Friday’s intraday high above $73 per MWh.
OilPrice adds that while the de escalation is positive for Europe, Qatari LNG flows have yet to recover from a disruption that followed renewed hostilities in mid July. The outlet notes EU gas storage could risk lagging behind refill targets ahead of the next heating season.
Latest closeWTI crude $90.47 ▼1.9%|Brent $98.38 ▼2.3%|Nat gas $2.908 ▼0.3%