The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

CommoditiesMedium•7 April 2026•

1 min read

European Gas Prices Surge as Trump Sets Deadline for Iran to Reopen Strait of Hormuz

Key Facts

1European natural gas futures (Dutch TTF) rose 3% to reach 50 euros (approximately $58) per megawatt-hour.

2U.S. President Donald Trump set a deadline of 8 p.m. Eastern Time today for Iran to reopen the Strait of Hormuz.

3Trump threatened military escalation and strikes on Iranian power plants and bridges if a deal is not reached by the deadline.

Create Free Account

Version History

1 additional source confirmed this story

European natural gas prices witnessed a significant jump today as markets react to escalating geopolitical tensions in the Middle East. Dutch TTF futures rose by 3% to reach 50 euros per megawatt-hour amid growing supply concerns. The price spike follows U.S. President Donald Trump setting an 8 p.m. ET deadline for Iran to reopen the Strait of Hormuz. Trump has threatened military escalation, including potential strikes on Iranian power plants and bridges, if the deadline is not met. This immediate risk premium reflects the market's anxiety over potential disruptions to critical energy transit routes. Traders remain on high alert as the situation could lead to a broader expansion of the conflict and further impact global energy stability.