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European natural gas prices edged lower as more LNG carriers were reported transiting the Strait of Hormuz. Kpler said September’s carrier traffic was the highest in a month since the Iran conflict began, and Pakistan was discussing safe passage for two Qatari cargoes scheduled for October.
More LNG moving through Hormuz can ease concerns about European supply availability and put downward pressure on gas prices, reducing energy-cost pressure for fertilizer production.
gmt8press.comNov 11, 2026After 29 past bearish logistics events, Natural Gas moved a median -9.8% over 5 sessions (21% higher; middle half -20.0% to -3.1%), and -16.6% 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.
