European Gas Prices Rise After Trump Says Iran Ceasefire No Longer in Effect
European gas prices accelerated gains on Wednesday, rising 5% to above $580 per thousand cubic meters after US President Donald Trump said the ceasefire with Iran is no longer in effect.
AI will summarize what happened, why it matters and what it means for business.
August (front-month) futures on the TTF index, the largest European distribution hub located in the Netherlands, opened trading at $571 (+3.7%). The indicator then rose 5.4% to $580.5 per barrel.
The dynamics are calculated from the previous trading day's settlement price of $550.6 per thousand cubic meters.
CONTEXTUnderstand the story+
THE WHOLE PICTURE
Understand the story
The essentials in one minute
BeforePrevious trading day
gas price was $550.6 per thousand cubic meters
Now
European gas prices rose sharply after Trump declared the Iran ceasefire void.
Next
Prices may remain volatile depending on geopolitical developments.
How to cite this story
Zeyni Jafarov. “European Gas Prices Rise After Trump Says Iran Ceasefire No Longer in Effect”. FinFly.news, July 8, 2026. URL: https://finfly.news/en/economy/european-gas-prices-rise-after-trump-says-iran-ceasefire-no-longer-in-effect