European Gas Prices Slip 3.4% on Hormuz

European TTF front‑month gas contract fell 3.4% to €44.66/MWh on Tuesday, reversing Monday’s peak of €51.30/MWh.
Prices dropped as investors awaited clarity on the Strait of Hormuz after the US imposed a second‑day naval blockade of Iranian ports.
EU gas storage is only 29.5% full, down from 35.4% a year earlier, while Qatar strikes threaten further supply.
US‑Iran talks show forward momentum, with Pakistan set to host a second round of talks and Iran pledging no nuclear weapon.