
Dutch TTF front-month gas gained 1.5% to 93.02 euros per MWh. Prices had climbed above 100 euros the previous week, remaining below the 2022 crisis peaks, before pulling back on hopes of a diplomatic resolution to the US-Iran conflict.
European gas costs drive fertiliser and industrial energy prices and compete with feed-grain-linked energy costs; swings tied to Iran diplomacy keep energy-linked input costs volatile for feed buyers.
After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% 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.