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European Gas Prices Fall Following Ceasefire Between Iran and Israel
6 Articles
6 Articles
European gas prices fall following ceasefire between Iran and Israel
London, SANA-Gas prices in Europe fell by 12% after US President Donald Trump announced a ceasefire between Israel and Iran. According to Bloomberg News, gas futures fell as much as 12 percent in the biggest daily loss in two years, as concerns about supply disruption from the energy-rich Middle Ea
Price of gas in very violent decline on the Amsterdam market, reference for Europe: with the truce between Israel and Iran the future on methane with delivery in July, in collapse since the start of the session, has closed in decrease of 12% to 35.6 euros to Megawattora.
Shortly before closing, the benchmark price of the Dutch TTF gas exchange was down nearly 14% after Donald Trump announced in the early hours of the morning that a ceasefire had been reached between Iran and Israel. The easing of geopolitical tensions triggered an immediate price reaction in the market, causing a spectacular drop in natural gas prices.
In recent days, the commodity's price has been driven up by concerns about the escalation of war and the blockade of the Strait of Hormuz.
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