European Natural Gas Futures Slump by 20% on Ceasefire Relief

Oil and Gas prices plunge after US and Iran agree to a ceasefire

Brent fell as much as 17% before trading around $92 a barrel, while European natural gas futures posted their biggest decline in more than two years, shedding as much as 20%

European gas futures plunge nearly 20% on Middle East ceasefire (UNG:NYSEARCA)

European natural gas futures fell up to 20% after the US and Iran agreed to a two-week ceasefire that could temporarily reopen the Strait of Hormuz and ease strained global energy markets.

European Natural Gas Futures Slump by 20% on Ceasefire Relief

European benchmark natural gas prices tumbled 20% at opening in Amsterdam on Wednesday after the U.S. and Iran announced a two-week ceasefire that could lead to reopening of the Strait of Hormuz. The front-month contract of the Dutch TTF Natural Gas Futures, the European benchmark for gas trading, opened 20% lower on Wednesday and traded 16% lower in the late morning in Europe. The May 2026 contract slumped to $51.45 (44 euros) per megawatt-hour…

JGB Futures Edge Lower on Possible Technical Correction

0014 GMT—JGB futures edge lower in the early Tokyo session on a possible technical correction after strong JGB price gains on Wednesday in the wake of the U.S.-Iran cease-fire. Investors’ focus could be on Japanese Finance Ministry’s auction today...