European Gas Prices Rebound on Iran War Uncertainty

European benchmark natural gas prices rebounded on Wednesday from the one-month low hit on Tuesday, as uncertainty about the Iran war returned to the energy markets following steep selloffs in recent days. m. 85 87 euros per megawatt-hour MWh. S. President Donald Trump that he wasn’t planning another attack on Iran “at this point”. S.

remains “locked and loaded” in case a new military campaign becomes necessary. On Wednesday, oil prices rose – and European gas prices followed – as traders grew less optimistic about a peace deal between the United States and Iran amid continuing tanker attacks in the Strait of Hormuz. 82 euros $114 per MWh at the end of October, prices are still way higher compared to this time last year.