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European Natural Gas Prices Plummet 4.69 Euros on U.S.-Iran Ceasefire, TTF Hits 6-Day Low

2026-07-27 08:07:08

NG-3.56%

According to Jin10, European natural gas prices fell sharply Monday morning following the U.S.-Iran military ceasefire over the weekend. ICE data showed Dutch TTF natural gas benchmark contracts for nearest delivery dropped 4.69 euros to 58.89 euros per megawatt-hour as of 07:35 GMT, while UK contracts fell 11.44 pence to 142.67 pence per therm. The decline reflects market optimism about potential resumption of energy shipments through the Strait of Hormuz, a critical global chokepoint.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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