TTF Prices Climb to Over 3-Week High

2026-06-11 01:39 By Judith Sib-at 1 min. read

European natural gas prices rose further to €50.3 per MWh, the highest in over three weeks, as escalating attacks between the US and Iran threatened to undermine efforts to end the conflict.

The US launched new strikes on several targets in Iran for a second straight day after President Donald Trump accused Tehran of delaying peace talks.

Iran responded by completely closing the Strait of Hormuz to all maritime traffic and reportedly struck two vessels transiting the key waterway.

The latest US attacks followed earlier strikes carried out in retaliation for the downing of an American helicopter off the coast of Oman, which Trump blamed on Tehran.

The renewed hostilities risk prolonging disruptions to energy flows through the strait, which handles around one-fifth of global LNG supplies.

For Europe, the primary concern is replenishing gas storage ahead of next winter, as the conflict tightens global supplies and intensifies competition for LNG cargoes.



News Stream
TTF Prices Climb to Over 3-Week High
European natural gas prices rose further to €50.3 per MWh, the highest in over three weeks, as escalating attacks between the US and Iran threatened to undermine efforts to end the conflict. The US launched new strikes on several targets in Iran for a second straight day after President Donald Trump accused Tehran of delaying peace talks. Iran responded by completely closing the Strait of Hormuz to all maritime traffic and reportedly struck two vessels transiting the key waterway. The latest US attacks followed earlier strikes carried out in retaliation for the downing of an American helicopter off the coast of Oman, which Trump blamed on Tehran. The renewed hostilities risk prolonging disruptions to energy flows through the strait, which handles around one-fifth of global LNG supplies. For Europe, the primary concern is replenishing gas storage ahead of next winter, as the conflict tightens global supplies and intensifies competition for LNG cargoes.
2026-06-11
TTF Prices Rise as US Launches New Strikes on Iran
European natural gas prices rose to around €49.2 per MWh, recouping part of the previous session’s losses after the US carried out strikes on Iran in response to a downed helicopter. President Donald Trump earlier accused Tehran of shooting down the aircraft, which he said was conducting patrol operations over the Strait of Hormuz, and pledged retaliation. The new US strikes have again raised concerns about the durability of their ceasefire and ongoing peace negotiations, increasing the risk of prolonged disruptions to traffic through Hormuz, where shipping has already been constrained by blockades imposed by both sides. This development comes after Israel and Iran agreed to suspend mutual attacks following a recent escalation in hostilities. For Europe, attention remains focused on refilling storage facilities for next winter, with the ongoing conflict tightening global supply and intensifying competition for LNG cargoes.
2026-06-10
European Gas Prices Ease
European natural gas eased below €50 per megawatt hour, following an over 3% gain in the previous session, as Israel and Iran agreed to halt mutual attacks after a recent escalation in hostilities. Israeli Prime Minister Benjamin Netanyahu said Israel is temporarily pausing strikes on Iran but would respond if Tehran resumes hostilities, while Iranian media indicated a similar stance. The development sustained hopes for a possible restart of talks toward a wider ceasefire agreement in the Middle East. Still, heightened uncertainty persisted, while the Strait of Hormuz, through which around one-fifth of global LNG flows, remained largely constrained, posing a challenge for importing regions as disruptions tightened global supply and increased competition for cargoes. This raised concerns about Europe’s ability to rebuild gas inventories ahead of winter.
2026-06-09