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Gas Prices Plummet Amid Improved Iran-US Relations

Guavy AI Editorial Team Published August 25, 2026

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Natural Gas

European natural gas prices fell below €67 per megawatt-hour after reaching a three-and-a-half-year high of €68.46 on Monday.

The decline came as prospects for de-escalation between the US and Iran improved, reducing concerns over supply disruptions.

Washington's latest measures against Tehran appeared less likely to disrupt physical supplies, with diplomatic efforts offering some relief.

Pakistan's army chief visited Iran, while Qatar continued to support mediation between Tehran and Washington.

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