European natural gas edges lower after Israel, Iran halt attacks in General Energy News 10/06/2026 European natural gas prices eded lower on Tuesday as markets weighed a fragile ceasefire between Israel and Iran, with investors remaining cautious despite signs of easing geopolitical tensions. By 07:33 ET (11:33 GMT), the benchmark Dutch front-month contract at the TTF hub ICE Dutch TTF Natural Gas Futures fell 0.8% to 49.48 euros per megawatt hour, while British front-month gas futures fell 1.1% to 119.22 pence per therm. Risk sentiment improved after Israel and Iran halted attacks following diplomatic efforts led by U.S. President Donald Trump. Trump said late Monday that the United States was close to declaring a “total victory” in the conflict with Iran and predicted oil prices would fall sharply. However, the muted reaction in gas markets underscored lingering concerns over the durability of the ceasefire. Traders remain wary of renewed disruptions in the Middle East, particularly given the uncertainty surrounding the Strait of Hormuz, a critical transit route for roughly a fifth of global oil and liquefied natural gas shipments. Supply-side developments also helped cap gains in European gas prices. Norwegian gas production recovered by a further 10 million cubic metres per day as the impact of seasonal maintenance work continued to ease, Reuters said. Gas flows to continental Europe increased by around 5 million cubic metres per day, according to Reuters, adding to expectations of improved near-term supply availability. The combination of recovering Norwegian output and a tentative easing in geopolitical risks left prices largely range-bound, although traders continued to monitor developments in the Middle East for signs of any renewed threat to global energy flows. Source: Investing.com 2026-06-10 hellenicshippingnews... tweet Share