European Gas Prices Plummet by 10.5% Amid Eased Iran-US Tensions
European natural gas prices declined by 10.5% week-on-week as TTF October contracts dropped to €71,16 per megawatt-hour on September 25.
The decrease in prices comes amid US-Iran talks easing supply disruption fears in the Strait of Hormuz and subdued pre-winter demand.
Gas Infrastructure Europe reported that European Union storage levels stood at 70.35% capacity, lower than last year's 82.03% during the same period.