Gas prices in Europe rise 5% after Trump's statement on Iran

News Department
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European gas prices grew 5% on Wednesday, rising above $580 per 1,000 cubic meters, following US President Donald Trump's announcement that the ceasefire with Iran was no longer in effect, Report informs referring to the London ICE exchange.

August (nearest) futures on the TTF index (Europe's largest distribution center, located in the Netherlands) opened trading at $571 (up 3.7%). The index subsequently rose 5.4% to $580.5 per barrel.

The price movement is based on the previous trading day's settlement price of $550.6 per 1,000 cubic meters.

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