Gas stable at 61 euros in Amsterdam with new US restrictions on Iran
Quick Look
Gas stands at 61 euros per MWh in Amsterdam, supported by the new US sanctions against Iran and the blockade of the Strait of Hormuz, recording a weekly increase of 9%.
AI-generated summary
Why It Matters
Geopolitical tensions and economic restrictions impact global energy markets during the winter storage season.
Gas remains at around 61 euros on the TTF market in Amsterdam with the increase in pressure from the USA, which has announced new economic restrictions on Iran.
After exceeding 61 euros per MWh, futures contracts for the month of September gained 0.56% to 60.74 euros, still marking a weekly increase of around 9%, in the absence of tangible progress in the negotiations between Iran and Oman for the reopening of the Strait of Hormuz at the height of the storage season in view of the winter.
Open Questions
- What will be the new economic restrictions imposed by the USA?
- Will there be any developments in the negotiations between Iran and Oman?
