# Europe gas prices reverse gains on hopes for Iran war deal talks

> European benchmark gas prices fell, with Dutch front-month gas down 4% and the British contract down 4.55%, as markets assessed the prospect of Iran war deal talks. Low storage, constrained LNG tanker movements through the Strait of Hormuz, and colder forecasts are tightening the supply-demand outlook, though increased LNG send-out and lower gas-for-power demand may offer some offset. Energy Aspects raised its TTF price forecasts for December and the first quarter.

- Date: 2026-11-09 · published 2026-11-09T15:24:00.457Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/89811-europe-gas-prices-reverse-gains-on-hopes-for-iran-war-deal-talks
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lower prices on hopes of a deal suggest reduced perceived risk to LNG flows, but low storage, shipping constraints and colder weather keep supply tight and heating demand elevated. This leaves European gas prices vulnerable to renewed gains if negotiations fail or supply disruptions persist.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-12-30 | [Hoping for cheaper gas to come, Europe reverses Russian link to tap storage](https://feedsoft.ai/events/43783-hoping-for-cheaper-gas-to-come-europe-reverses-russian-link-to-tap-storage.md) | +3.6% | +42.4% |
| NATGAS | 2026-10-26 | [Natural-Gas Prices in Europe Climb to Highest Level Since 2022 Amid Iran War - WSJ](https://feedsoft.ai/events/622-natural-gas-prices-in-europe-climb-to-highest-level-since-2022-amid-iran-war-wsj.md) | +5.2% | — |
| NATGAS | 2026-03-02 | [Diesel and Gasoline Prices Rise on Iran Strikes - TT](https://feedsoft.ai/events/8776-diesel-and-gasoline-prices-rise-on-iran-strikes-tt.md) | +7.5% | +4.0% |
| NATGAS | 2026-03-01 | [Oil and gas prices surge as Iran war disrupts Middle Eastern output \| Reuters](https://feedsoft.ai/events/5228-oil-and-gas-prices-surge-as-iran-war-disrupts-middle-eastern-output-reuters.md) | +7.5% | +4.0% |
| NATGAS | 2026-10-01 | [Will European Gas Prices Keep Rising This Winter?](https://feedsoft.ai/events/17649-will-european-gas-prices-keep-rising-this-winter.md) | +5.2% | -7.8% |

## Sources

- rallies.ai: https://rallies.ai/news/europe-gas-prices-reverse-gains-on-hopes-for-iran-war-deal-talks-d39e688fdb8b78ed

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