European natural gas prices reverse sharply.

VTV.vn - European gas prices fell by 20% following a two-week ceasefire agreement between the US and Iran, bringing the Dutch TTF down to 42.5 euros/MWh.

Illustrative image. Photo: SPE

Natural gas prices in the European market plummeted by 20% at the opening of trading on April 8, following the announcement of a two-week ceasefire agreement between the US and Iran.

The price of natural gas under the Dutch TTF contract – the benchmark for the European market – retreated to 42.5 euros/MWh (approximately $50/MWh) at the start of trading.

Previously, within just weeks, the conflict in Iran rewrote Europe's energy calculations. Amid concerns about supply disruptions in the Gulf region, the price of Dutch natural gas (TTF) jumped from 38 euros/MWh to 54 euros/MWh by the end of March 2026. This 70% increase makes March 2026 the month with the sharpest gas price increase since September 2021, with the impact expected to extend far beyond the energy market.

Before the US and Iran reached a ceasefire agreement, the disruption of energy supplies, rising inflation, and the prospect of the European Central Bank (ECB) tightening monetary policy were raising concerns about a repeat of the 2022 energy crisis.

Source: https://vtv.vn/gia-khi-dot-chau-au-dao-chieu-manh-100260408161839744.htm