TTF Prices Tumble 8%

2026-04-17 13:38 By Agna Gabriel 1 min. read

European natural gas futures plunged more than 8% to below €39 per megawatt hour, the lowest since February 27, after Iran’s Foreign Minister Abbas Araghchi said the Strait of Hormuz is fully open to commercial vessels during the ceasefire.

The announcement boosted hopes that one of the worst energy supply disruptions in recent history may be easing, supporting expectations of de-escalation.

The comments followed earlier remarks from President Donald Trump, who said Iranian concessions could help secure a broader peace deal, while adding that a US naval blockade targeting Iran would remain in place until negotiations are fully concluded.

The conflict had severely disrupted global LNG flows, with the near closure of Hormuz cutting around a fifth of supply and pushing Asian imports to multi-year lows, potentially easing competition for Europe.

Prices were also pressured by warmer weather and stronger wind generation across parts of the region, reducing demand.



News Stream
TTF Prices Tumble 8%
European natural gas futures plunged more than 8% to below €39 per megawatt hour, the lowest since February 27, after Iran’s Foreign Minister Abbas Araghchi said the Strait of Hormuz is fully open to commercial vessels during the ceasefire. The announcement boosted hopes that one of the worst energy supply disruptions in recent history may be easing, supporting expectations of de-escalation. The comments followed earlier remarks from President Donald Trump, who said Iranian concessions could help secure a broader peace deal, while adding that a US naval blockade targeting Iran would remain in place until negotiations are fully concluded. The conflict had severely disrupted global LNG flows, with the near closure of Hormuz cutting around a fifth of supply and pushing Asian imports to multi-year lows, potentially easing competition for Europe. Prices were also pressured by warmer weather and stronger wind generation across parts of the region, reducing demand.
2026-04-17
TTF Prices Fall Again
European natural gas futures dropped to below €42 per MMBtu on Friday, giving up part of the previous session’s gains on expectations for a Middle East peace deal that could ease supply disruptions. President Donald Trump said the next meeting between the US and Iran could take place over the weekend, expressing confidence that the conflict may be nearing an end. Adding to this, a 10-day ceasefire between Lebanon and Israel took effect on Thursday. However, control over the Strait of Hormuz, a key route for roughly one-fifth of global LNG flows, remains contentious, with a US blockade of Iranian ports still in place. Traders also said the decline in prices was triggered by Asian countries cutting demand, including China, which has reduced competition for LNG cargoes. In addition, analysts noted the world’s largest LNG facility in Qatar is unlikely to return to full operations until August, even if restart efforts begin in May.
2026-04-17
TTF Prices Hover Near 6-Week Lows
European natural gas futures rose to €42 per MMBtu on Thursday but remained close to their lowest level in over six weeks as markets weighed prospects for an extension of the US-Iran ceasefire. Reports suggest both countries have been in indirect talks aimed at extending the two-week ceasefire beyond its expiry on April 22 to allow more time for negotiations. The White House also said discussions on a potential second round of talks are “ongoing” and “productive.” However, uncertainty remains as the Strait of Hormuz, through which roughly one-fifth of global LNG flows, remains choked, with the US blockading Iranian ships and Tehran restricting passage for most other traffic through the waterway. Analysts also noted that Qatar’s Ras Laffan, the world’s largest LNG facility, will not be fully back online until August even if restart efforts begin in May. Further weighing on prices were warmer weather and stronger renewable output, which are dampening demand.
2026-04-16