U.S.-Iran peace hopes drain risk premium from European gas in General Energy News 13/06/2026 European natural gas futures dropped more than 2% on Friday as hopes of a U.S.-Iran peace breakthrough gathered pace, cooling fears over global energy supplies and draining the geopolitical premium from gas markets. The benchmark ICE Dutch TTF Natural Gas Futures fell 2.1%, below the 47 euro-mark to 46.19 – a two-week low. The British Natural Gas contract was also down 2% to 110.40 pence per therm, after having touched an over one-month low at open. Crude sank to two-month lows after President Donald Trump touted that a historic peace deal could be signed in Europe as early as this weekend – the biggest tangible evidence yet of a diplomatic breakthrough. The offered relief to a market that has spent weeks pinned near multi-week highs. Up until now, the threat of an extended blockade in the Strait of Hormuz – the gateway for 20% of global LNG – had traders terrified of an impending summer supply crunch, especially with European storage inventories sitting below last year’s levels. While a finalized peace deal could permanently deflate the geopolitical risk premium, the market remains on a knife-edge as it waits for tangible signatures on the dotted line. Source: Investing.com 2026-06-13 hellenicshippingnews... tweet Share