TTF Prices Fall to Over 2-Week Low

🌐 Hellenic Shipping News (IR) —

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European natural gas futures dropped 5% to a two-week low following Iranian state TV's announcement of plans to restore commercial shipping through the Strait of Hormuz to pre-war levels within a month. This development boosts optimism over a near US-Iran deal to reopen the key shipping route.

European natural gas futures dropped 5% to around €45 per megawatt hour, the lowest in over two weeks, after Iranian state television said Tehran aims to restore commercial shipping through the Strait of Hormuz to pre-war levels within a month, boosting optimism that the US and Iran are nearing a deal to reopen the key ...

World Politics Markets Energy Shipping natural gas futures TTF prices Strait of Hormuz Iran US-Iran deal commercial shipping

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