TTF Prices Pull Back

2026-03-20 07:32 By Judith Sib-at 1 min. read

European natural gas futures fell below €60 per MWh on Friday, retreating from an over three-year high as the US and its allies moved to ease supply concerns.

Treasury Secretary Scott Bessent indicated that the US may soon lift sanctions on Iranian oil stranded on tankers and hinted at the possibility of more crude releases, providing temporary relief to energy markets.

President Trump also ruled out troop deployments, while Israel pledged to hold off further strikes on key Iranian gas field.

These developments follow Iran’s retaliatory strike on Qatar’s Ras Laffan Industrial City, home to the world’s largest LNG export plant, after Israel attacked Iran’s South Pars gas field.

Meanwhile, big European countries, Japan, and Canada offered to participate in efforts to secure safe passage for ships through the Strait of Hormuz, which remains effectively closed.

Despite the pullback, European gas prices remain nearly double pre-war levels, having surged more than 90% so far this month.



News Stream
TTF Prices Pull Back
European natural gas futures fell below €60 per MWh on Friday, retreating from an over three-year high as the US and its allies moved to ease supply concerns. Treasury Secretary Scott Bessent indicated that the US may soon lift sanctions on Iranian oil stranded on tankers and hinted at the possibility of more crude releases, providing temporary relief to energy markets. President Trump also ruled out troop deployments, while Israel pledged to hold off further strikes on key Iranian gas field. These developments follow Iran’s retaliatory strike on Qatar’s Ras Laffan Industrial City, home to the world’s largest LNG export plant, after Israel attacked Iran’s South Pars gas field. Meanwhile, big European countries, Japan, and Canada offered to participate in efforts to secure safe passage for ships through the Strait of Hormuz, which remains effectively closed. Despite the pullback, European gas prices remain nearly double pre-war levels, having surged more than 90% so far this month.
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