Home World 08/April/2026 11:35 AM

European gas prices drop by 20% after Middle East truce announcement

 

BRUSSELS, April 8, 2026 (WAFA) – Natural gas prices in Europe fell by 20% at the start of trading on Wednesday, following the two-week ceasefire agreement between the United States and Iran.

The price of the Dutch TTF gas contract, a benchmark in Europe, dropped to €42.50, down from its highest levels, amid concerns about supply disruptions in the Gulf due to the conflict.

K.T

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