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European wholesale gas prices rose on November 11, with the Dutch TTF front-month contract up 2.7% to €86.99/MWh and the UK NBP contract also gaining 2.7%. Renewed attacks on commercial shipping near the Strait of Hormuz revived concerns about disruption to energy shipments and lifted prices after a recent decline.
Shipping disruption around Hormuz could constrain LNG and other energy flows, adding a risk premium to gas prices. Higher gas costs can raise energy and production expenses for feed and agriculture supply chains.
investing.comPranav KashyapNov 11, 2026After 136 past bullish geopolitics events, Natural Gas moved a median +2.7% over 5 sessions (63% higher; middle half -1.8% to +8.8%), and +4.0% over 20.
After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% 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.
