The price of natural gas for delivery in one month on the Dutch TTF market, a benchmark for Europe, fell by 0.35% on Monday and slightly exceeded 50 euros (50.63 euros) per megawatt-hour (MWh). In this way, the gas price reversed course after opening the session above 52 euros and rising by 2.2%. The natural gas price drop is in line with the price of Brent crude oil, which fell by 1.09% at the close of European stock markets but remained above $102 due to the military conflict between the United States, Israel, and Iran. The Brent crude price also reversed course after trading in the early morning hours at $105.77, having risen by 2.51%. The focus remains on the Strait of Hormuz, through which 20% of the global maritime crude oil flow usually passes. The strait is effectively closed by Iran, and traffic has been almost completely interrupted since the start of the war. The President of the United States, Donald Trump, has issued a warning to NATO, stating that it faces a 'very bad future' if allied countries do not provide assistance to allow the passage of ships through Hormuz. Likewise, last Friday, Trump ordered attacks against Iranian military assets on Kharg Island and warned of new bombings against oil facilities located there.
