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2026.04.0107:06:04UTC+00TTF Prices Extend Decline

European natural gas futures fell more than 5% toward €48 per MWh on Wednesday, extending the previous session’s losses and mirroring a broader pullback across energy markets amid renewed optimism that the Middle East conflict may be approaching a resolution. President Donald Trump indicated the war could end within two to three weeks, though traders remain cautious as additional US forces are deployed to the region and the Strait of Hormuz remains largely closed. Prices also came under pressure from unseasonably warm weather and higher energy output, which together reduced regional demand. In contrast, European gas prices surged nearly 60% last month—the steepest monthly gain since September 2021—driven by fears of deeper supply disruptions after the conflict prompted the closure of the Strait and the shutdown of the world’s largest LNG facility in Qatar.

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