Natural Gas: Jump 4.2% in Europe – Iran Triggers New Energy Alarm
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6 Articles
Gas prices in Europe are rising again after Wednesday's declines. The market is reacting to the Iranian president's comments about the growing distance in relations with the US and uncertainty surrounding shipping through the Strait of Hormuz.
Despite the talks, the geopolitical thermometer remains high after Iranian President Masoud Peskov accused the US and Israel from the podium of the UN General Assembly.
Natural gas prices in Europe are recording a new upward movement, with the TTF reference contract strengthening by up to 4.2%, as developments surrounding Iran
European natural gas prices recorded another strong rise on Thursday, as the market reacted to the statements of Iranian President Masoud Pezheskian. Futures contracts on the Dutch TTF hub jumped as much as 4.2%. They then slightly limited their gains and moved to 74.67 euros per megawatt-hour, up 3.7%. Pezheskian said that Tehran is not going to surrender to the US. However, he left the possibility of dialogue open, setting specific conditions …
Close to 75 euros/megawatt hour.
Crude oil prices returned above $100 a barrel, while natural gas futures on the Dutch energy exchange are also moving higher, amid heightened uncertainty over the course of negotiations between the US and Iran.
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