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European benchmark natural-gas prices fell about 2% as hopes grew that the U.S. midterm results could encourage diplomacy and restore LNG flows through the Strait of Hormuz. Prices reached a two-week low, although European supply remains vulnerable ahead of winter and QatarEnergy has extended force majeure on deliveries through at least December.
The prospect of resumed LNG shipments eases expectations of a supply squeeze and pressures European gas prices. Continued disruption to Qatari flows leaves upside risk if diplomacy fails.
oilprice.comTsvetana ParaskovaNov 5, 2026After 15 past bearish geopolitics events, Natural Gas moved a median -1.1% over 5 sessions (40% higher; middle half -9.2% to +2.4%), 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.
