European Gas Futures Jump 3% as Trump's Iran Strike Deadline Nears
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European natural gas futures rose 3% as markets react to U.S. President Trump's threats against Iran, with the May 2026 Dutch TTF Natural Gas Futures opening at over $58 per MWh. The ongoing conflict has led to a 55% increase in gas prices since the war began, with Europe facing challenges in replenishing gas storage. The closure of the Strait of Hormuz has halted LNG shipments, raising concerns about further price spikes if tensions escalate. Trump warned of potential U.S. strikes on Iran, heightening market anxiety.
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