European Gas Prices Tumble 6% On US-Iran Peace Deal

European natural gas prices plummeted by roughly 6% following the announcement of a landmark US-Iran framework agreement, with the breakthrough significantly easing market anxiety over prolonged energy disruptions.

The U.S. and Iran have reached a preliminary peace framework to end the war, with the Memorandum of Understanding (MoU) scheduled to be signed on June 19, 2026, in Switzerland.

Dutch TTF Natural Gas Futures were trading at €43.60/MWh on Monday, the lowest level in five weeks, while the pan-European STOXX 600 index soared to…