Europe Gas Storages Get Little Reprieve From Iran Peace Deal (opens original article in a new tab)

European natural gas prices dropped after US-Iran peace talks but remain high, with storage levels and market conditions expected to stay tight through winter.

• European natural gas prices fell 10% since US-Iran peace talks began but remain above pre-conflict levels.
• Analysts predict continued tight market conditions with storage levels potentially below historical averages by winter.
• Prices are expected to stay elevated due to Asian demand and supply constraints, with forecasts ranging from €37 to €50 per megawatt-hour.