Trump's Iran Reversal Sends European Gas Prices Tumbling
European natural gas prices plunged at opening on Monday after U.S. President Donald Trump said he had called off a planned attack on Iranian energy sites and talks on a deal would begin this week. Europe’s benchmark natural gas prices, the Dutch TTF Natural Gas Futures, sank by 4% at the start of t
Source: OilPrice.com
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DW NOTE
The DOE sold 180 million barrels from the SPR in 2022 to suppress prices ahead of midterms. Two years later Trump refills it with Iranian crude at $80 — exactly the geopolitical arbitrage the reserve was designed to prevent. Europe's gas market is now pricing in structural oversupply from a seller the U.S. spent four years trying to embargo.