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via fxstreet.comEconomy

European gas: Iran tensions push TTF back near EUR 100, says Commerzbank

FROM THE WIRE · FXSTREET.COM

Commerzbank notes that European gas (TTF) prices fell by up to 10% yesterday, from EUR 104 to EUR 93.5 per MWh, as hopes for a diplomatic resolution to the Iran conflict reduced the geopolitical risk premium. However, renewed US strikes on Iran have since pushed prices back…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishRenewed geopolitical risk is pushing European gas prices back toward EUR 100 per MWh.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01TTF fell up to 10% yesterday, from EUR 104 to EUR 93.5 per MWh, on hopes for a diplomatic resolution.
  2. 02Renewed US strikes on Iran have pushed prices back toward EUR 100 per MWh.

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