# European Gas Prices Drop on Iran Deal Hopes after U.S. Midterms

> 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.

- Date: 2026-11-05 · published 2026-11-06T00:08:17.482Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/82703-european-gas-prices-drop-on-iran-deal-hopes-after-u-s-midterms
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

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.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-01-01 | [European Gas Prices Fall as Ukraine, Russia Deal Averts Crisis](https://feedsoft.ai/events/55767-european-gas-prices-fall-as-ukraine-russia-deal-averts-crisis.md) | -1.1% | -11.9% |
| NATGAS | 2026-05-06 | [Brent Crude Price: Oil and gas plunge after report US and Iran near deal to end war](https://feedsoft.ai/events/9582-brent-crude-price-oil-and-gas-plunge-after-report-us-and-iran-near-deal-to-end.md) | +2.4% | +10.0% |
| NATGAS | 2022-05-10 | [Gas prices drop as Russia says sanctions will not affect gas payments from Europe](https://feedsoft.ai/events/12160-gas-prices-drop-as-russia-says-sanctions-will-not-affect-gas-payments-from.md) | +6.5% | +23.4% |
| NATGAS | 2022-05-09 | [European Gas Drops as Russia Tries to Calm Clients Over Payments - Bloomberg](https://feedsoft.ai/events/12155-european-gas-drops-as-russia-tries-to-calm-clients-over-payments-bloomberg.md) | -6.0% | +12.3% |
| NATGAS | 2023-11-03 | [European Gas Posts Third Weekly Drop as Impact of War Is Limited - Bloomberg](https://feedsoft.ai/events/6390-european-gas-posts-third-weekly-drop-as-impact-of-war-is-limited-bloomberg.md) | -12.8% | -15.7% |

## Sources

- oilprice.com: https://oilprice.com/Latest-Energy-News/World-News/European-Gas-Prices-Drop-on-Iran-Deal-Hopes-after-US-Midterms.html

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