# European gas rises as U.S. midterms and stalled Hormuz talks cloud outlook

> European wholesale gas prices rose on Wednesday, with the front-month TTF contract up 1.6% to 93 euros per MWh. Brent and WTI also firmed slightly as Democrats won control of both chambers of Congress in the US midterms and Hormuz diplomacy stalled.

- Date: 2026-11-04 · published 2026-11-04T12:07:42.344Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/79596-european-gas-rises-as-u-s-midterms-and-stalled-hormuz-talks-cloud-outlook
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Persistent Hormuz risk premium keeps energy input costs high, supporting feed and fertiliser costs and the energy-linked side of the grain complex. The political shift may constrain future US military action, adding uncertainty to the price outlook.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-07-01 | [European Natural Gas Edges Higher as Traders Monitor Hormuz Risk](https://feedsoft.ai/events/18980-european-natural-gas-edges-higher-as-traders-monitor-hormuz-risk.md) | -4.1% | -19.8% |
| NATGAS | 2024-12-17 | [Global natural gas market outlook: European supply challenges and regional demand dynamics](https://feedsoft.ai/events/27140-global-natural-gas-market-outlook-european-supply-challenges-and-regional.md) | +7.0% | +40.3% |
| NATGAS | 2020-06-30 | [TTF gas prices \| European Gas Hub](https://feedsoft.ai/events/52801-ttf-gas-prices-european-gas-hub.md) | +7.6% | +7.4% |
| NATGAS | 2022-08-26 | [US LNG export terminals stage production push as European gas prices top $100/MMBtu \| S&P Global](https://feedsoft.ai/events/40206-us-lng-export-terminals-stage-production-push-as-european-gas-prices-top-100.md) | -1.1% | -27.9% |
| NATGAS | 2017-04-01 | [Gas prices will rise and there's not much we can do to stop it](https://feedsoft.ai/events/72174-gas-prices-will-rise-and-there-s-not-much-we-can-do-to-stop-it.md) | +2.7% | +2.5% |
| BRENT | 2023-12-14 | [U.S. crude oil rises 3% on weaker dollar, slightly improved 2024 demand outlook](https://feedsoft.ai/events/32887-u-s-crude-oil-rises-3-on-weaker-dollar-slightly-improved-2024-demand-outlook.md) | +8.4% | +6.6% |
| BRENT | 2019-06-19 | [Commodities outlook: It's all action as Fed decides](https://feedsoft.ai/events/58511-commodities-outlook-it-s-all-action-as-fed-decides.md) | +4.6% | +3.8% |
| BRENT | 2023-05-23 | [ASX falls on stalled US debt ceiling talks, CBA lifts mortgage rates again, NZ's Reserve Bank raises rates for 12th time — as it happened - ABC News](https://feedsoft.ai/events/36209-asx-falls-on-stalled-us-debt-ceiling-talks-cba-lifts-mortgage-rates-again-nz-s.md) | -3.2% | -0.0% |

## Sources

- investing.com: https://www.investing.com/news/commodities-news/european-gas-rises-as-us-midterms-and-stalled-hormuz-talks-cloud-outlook-4997836

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.