Natural gas prices stabilize near 61 euros amid US-Iran tensions

Natural gas prices on the TTF Amsterdam exchange remain stable at high levels, with September futures trading at approximately 60.74 euros per megawatt hour. This represents a weekly increase of about 9%.

The price volatility is driven by heightened geopolitical tensions in the Middle East, specifically following the announcement of new economic restrictions by the United States against Iran. Market operators are closely monitoring these developments due to the potential impact on energy flows through the Strait of Hormuz, a critical maritime passage for international energy supplies.

As European countries enter the peak season for winter storage, the market is incorporating a higher risk premium. Traders are reacting to the lack of progress regarding the reopening of key shipping routes and the potential for further disruptions to global supply chains caused by US-Iran tensions.