European gas falls 10% amid hopes of ending the US war on Iran Iran · 2026-11-02 19:42
Mediation talks have raised expectations of ending the conflict involving the United States, Israel and Iran, and traders responded to that prospect. The drop reflects a shift in the market's view of near-term supply risks linked to the war.
European gas prices are sensitive to supply risks from the Gulf, where Qatar is one of the largest exporters of liquefied natural gas.
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