TTF Prices Fall Further

2026-05-06 09:44 By Agna Gabriel 1 min. read

European natural gas futures plunged more than 8% to below €43 per megawatt hour on Wednesday, as optimism grew over a potential US-Iran agreement to end the conflict.

Reports indicated that Washington and Tehran are close to a preliminary deal that could pave the way for broader nuclear negotiations, boosting hopes of de escalation and easing supply risks.

President Donald Trump also announced a temporary halt to “Project Freedom,” a military effort aimed at securing shipping through the Strait of Hormuz, citing progress in talks.

The conflict and near closure of the key waterway had disrupted around one fifth of global LNG supply, driving prices higher and unsettling energy markets.

Although most Middle East gas flows to Asia, the disruption has tightened global supply and raised concerns in Europe, which needs to rebuild inventories ahead of winter.

Storage levels are currently around 34%, well below the five year average, keeping traders cautious despite the improved outlook.



News Stream
TTF Prices Fall Further
European natural gas futures plunged more than 8% to below €43 per megawatt hour on Wednesday, as optimism grew over a potential US-Iran agreement to end the conflict. Reports indicated that Washington and Tehran are close to a preliminary deal that could pave the way for broader nuclear negotiations, boosting hopes of de escalation and easing supply risks. President Donald Trump also announced a temporary halt to “Project Freedom,” a military effort aimed at securing shipping through the Strait of Hormuz, citing progress in talks. The conflict and near closure of the key waterway had disrupted around one fifth of global LNG supply, driving prices higher and unsettling energy markets. Although most Middle East gas flows to Asia, the disruption has tightened global supply and raised concerns in Europe, which needs to rebuild inventories ahead of winter. Storage levels are currently around 34%, well below the five year average, keeping traders cautious despite the improved outlook.
2026-05-06
TTF Prices Ease Further
European natural gas futures fell to €45.7 per MWh, retreating further from a four-week high after President Trump hinted at progress toward a peace deal with Iran. Trump said that operations to escort stranded ships out of the Strait of Hormuz would be briefly paused in a bid to reach a deal with Iran to end the war. However, he maintained restrictions on Iranian ports. This followed comments from Secretary of State Marco Rubio, who said the ceasefire remains intact and that the initial US-Israeli offensive in Iran was over after achieving its objectives. Meanwhile, Iran denied carrying out attacks against the UAE and warned of retaliation if Abu Dhabi launches strikes on its territory. The strait has been effectively closed for the past two months, cutting roughly one-fifth of global LNG supply. Prices have climbed about 40% since the start of the conflict, although they have recently eased amid weak demand from some Asian buyers.
2026-05-06
TTF Prices Fall from 4-Week Low
European natural gas futures dropped more than 2% to around €47 per megawatt hour, easing from a four-week high after the US downplayed the risk of a renewed conflict with Iran following recent clashes in the Strait of Hormuz and missile strikes on the United Arab Emirates. US officials said the incidents did not breach the ceasefire in place for nearly a month, helping calm market fears. The standoff between Washington and Tehran continues with little progress toward new talks, as Iran calls for the removal of a naval blockade while the US maintains pressure on its oil exports. Since the conflict began in late February, LNG flows from the Persian Gulf have largely stalled, disrupting about one-fifth of global supply and raising concerns in Europe as it seeks to rebuild gas inventories ahead of winter. Prices have risen about 40% since the war began, but have recently eased as some Asian demand softened.
2026-05-05