Trump says Iran war will end "soon", European natural gas prices plummet 15%

LootboxPhobia · 2026-03-10T12:23:07+00:00

On Tuesday, European natural gas prices fell sharply as Trump stated that the Iran war would "end soon," easing market concerns over supply disruptions. Despite the decline in prices, Europe still faces storage depletion and insufficient liquefied natural gas supplies, and Qatar's production halt could further impact the market.

LootboxPhobia

2026-03-10 12:23:07

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Investing.com - Early Tuesday, European natural gas prices dropped sharply after former President Trump stated that the Iran war would “end soon,” easing market concerns over long-term disruptions in Middle Eastern supplies.

As of 08:30 GMT, Dutch TTF natural gas futures for the near month declined 15.6% to €47.68 per megawatt-hour. ANZ Bank analysts said that falling crude oil prices dragged down the entire energy sector. Natural gas futures fell 1.5% to $3.07.

Despite the price decline, Europe remains vulnerable. After winter, gas storage tanks are severely depleted, and liquefied natural gas supplies have also faced significant disruptions.

ANZ Bank analysts noted that Qatar, one of the world’s largest natural gas producers, halting production could have widespread market impacts in the coming months.

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