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President Trump said the US will not attack Iran before the November midterm elections, citing productive negotiations. European natural gas benchmark futures fell as much as 3.3% in early Friday trading, though they remain more than double pre-conflict levels as storage stays unusually low.
Easing Middle East tensions could lower energy and fertilizer costs, but European gas remaining high and storage tight keeps input costs elevated for feed producers.
gmteight.comNov 15, 2026After 16 past bearish geopolitics events, Natural Gas moved a median -1.1% over 5 sessions (44% higher; middle half -7.6% to +2.7%), and +4.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
