European Gas Prices Fall 2% as Traders Wait on Trump's Next Move in Iran

OilPrice.com · Tsvetana Paraskova · 2026-11-04 13:30 UTC

European gas prices fell 2% Wednesday as traders await Trump's next move on Iran, with EU storage at 74% and Qatari LNG barely flowing.

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European benchmark natural gas prices fell in the early morning on Wednesday, as traders brace for what will happen next in Iran after U.S. President Donald Trump lost Republican control of both chambers of Congress in the midterm elections on Tuesday.

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