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European wholesale gas prices rose over 12% on the week, with the Dutch TTF front-month up 4.2% to 96.18 EUR/MWh and NBP up 3.8%. The rally followed Trump's statement that Washington no longer needed a deal with Tehran, along with fresh military strikes in the Persian Gulf.
Lost Gulf LNG supply and a scramble for winter gas push up European gas costs, which raises nitrogen fertilizer production costs and supports fuel and feed-processing costs. Prices are likely to stay firm while the geopolitical risk persists.
investing.comPranav KashyapNov 13, 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 205 past bullish geopolitics events, Urea moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.0%), and -0.4% 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.
