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The Dutch TTF front-month contract fell about 2% early on Wednesday to €89.59/MWh, after topping €100 for the first time since 2022 last week. Traders are waiting to see whether the US launches new strikes on Iran or pursues diplomacy.
EU storage stood at 74.33% on November 3, well below the five-year average.
European gas is tied to Gulf LNG flows, which remain a trickle, so Iran headlines drive price swings. Storage well below average keeps winter risk and upward pressure on gas-linked input costs.
oilprice.comTsvetana ParaskovaNov 4, 2026Not enough comparable past events yet for a historical read.
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.
