# European Gas Prices Slide 16% From 4-Year High on Iran Hopes

> European TTF gas fell to around €85/MWh on November 5, more than 15% below its four-year high above €101.82/MWh late the previous week. Prices declined as traders anticipated that the U.S. midterm election results could increase pressure to end the Iran war, although EU storage remained below normal and Gulf LNG deliveries were still disrupted.

- Date: 2026-11-05 · published 2026-11-06T03:08:07.292Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/83227-european-gas-prices-slide-16-from-4-year-high-on-iran-hopes
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Reduced expectations of prolonged conflict eased the geopolitical risk premium and pulled European gas prices lower. Low inventories and constrained LNG supply limit the downside and leave prices vulnerable to renewed disruption or cold weather.

## 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 | 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 | 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 | 2026-05-06 | [Oil and gas prices fall sharply, driven by hopes of strait of Hormuz reopening – as it happened \| Business \| The Guardian](https://feedsoft.ai/events/9584-oil-and-gas-prices-fall-sharply-driven-by-hopes-of-strait-of-hormuz-reopening.md) | +2.4% | +10.0% |
| 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

- tradingandinvestmentnews.co.uk: https://www.tradingandinvestmentnews.co.uk/european-gas-prices-slide-more-than-15-from-a-4-year-high-on-iran-deal-hopes/

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