# European Gas Prices Rise as Uncertainty Swirls Over Iran War

> Benchmark European gas futures rose above €85 per megawatt-hour after gaining 2.7% in the previous session. Iran war peace talks showed little progress and tanker attacks in the Strait of Hormuz persisted.

- Date: 2026-11-11 · published 2026-11-12T00:11:27.377Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/94380-european-gas-prices-rise-as-uncertainty-swirls-over-iran-war
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Higher European gas prices raise fertilizer (nitrogen) and energy costs for feed producers and processors, and reinforce the energy-driven cost push across grain and oilseed chains.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-06-30 | [TTF gas prices \| European Gas Hub](https://feedsoft.ai/events/52801-ttf-gas-prices-european-gas-hub.md) | +7.6% | +7.4% |
| NATGAS | 2020-08-31 | [Natural gas prices \| European Gas Hub](https://feedsoft.ai/events/51817-natural-gas-prices-european-gas-hub.md) | -15.6% | -23.3% |
| NATGAS | 2026-10-28 | [European natural gas prices soar: What it means for your winter bills](https://feedsoft.ai/events/625-european-natural-gas-prices-soar-what-it-means-for-your-winter-bills.md) | +0.7% | — |
| NATGAS | 2024-11-27 | [Goldman warns of likely Asia LNG price rise on European supply crunch \| Reuters](https://feedsoft.ai/events/27592-goldman-warns-of-likely-asia-lng-price-rise-on-european-supply-crunch-reuters.md) | -12.6% | +0.2% |
| NATGAS | 2025-10-06 | [European Union's US gas use set to soar, increasing price volatility \| Reuters](https://feedsoft.ai/events/22577-european-union-s-us-gas-use-set-to-soar-increasing-price-volatility-reuters.md) | -7.8% | +17.8% |

## Sources

- oilprice.com: https://oilprice.com/Latest-Energy-News/World-News/European-Gas-Prices-Rebound-on-Iran-War-Uncertainty.html
- bloomberg.com: https://www.bloomberg.com/news/articles/2026-11-11/european-gas-prices-rise-as-uncertainty-swirls-over-iran-war

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