Gas Prices in Europe Plummet After US-Iran Ceasefire Announcement
16:32 08.04.2026 (Updated: 17:04 08.04.2026)
© Sputnik . Pavel Lvov
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Gas prices in Europe plummet after US-Iran ceasefire announcement
Natural gas prices in Europe plunged 18.5%, driven by reports of a ceasefire between the US and Iran, according to data from the London exchange group ICE.
May futures (front-month contracts) for TTF — the largest European gas hub located in the Netherlands — opened at $518.6 per 1,000 cubic meters (-18.5%)
Later, the price had slightly recovered to $529.3 (-16.8%)
The previous trading day's settlement price stood at $597.6
Earlier, US President Donald Trump announced he had agreed to suspend strikes on Iran for two weeks, assuring that the ceasefire would be mutual.
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Natural gas prices in Europe plunged 18.5%, driven by reports of a ceasefire between the US and Iran, according to data from the London exchange group ICE.
May futures (front-month contracts) for TTF — the largest European gas hub located in the Netherlands — opened at $518.6 per 1,000 cubic meters (-18.5%)
Later, the price had slightly recovered to $529.3 (-16.8%)
The previous trading day's settlement price stood at $597.6
Earlier, US President Donald Trump announced he had agreed to suspend strikes on Iran for two weeks, assuring that the ceasefire would be mutual.
Subscribe to @SputnikInt
