Trump's "scared to collapse" European gas prices with one statement! Natural gas plummeted by 15% in a single day.

Notice, European natural gas prices fell on Tuesday, after US President Trump predicted that the war in Iran would soon end, while he faced increasing pressure on how this conflict is disrupting the energy market. As of the time of writing, the European natural gas benchmark in the Netherlands fell by 15% to 48.27 per megawatt-hour for the near-month futures. Following extreme volatility in the previous trading day, benchmark futures prices fell by as much as 16% in line with oil prices. Trump stated that he did not believe the conflict would end this week, but insisted that progress was ahead of schedule and the conflict could be "resolved quickly." Trump's comments brought some relief to the energy market, but their "effect is limited," wrote Warren Patterson and Eva Manz of Dutch international group in a report. They stated that the flow through the strategic chokepoint of the Strait of Hormuz needs to be restored in order to sustain the downward trend in prices. The waterway handles roughly one-fifth of global liquefied natural gas transport, mostly from the world's largest liquefaction facility in Qatar, which has been closed since last week. The region's attacks have not diminished so far, with several Middle Eastern countries declaring missile threats, sounding alarms, or intercepting drones on Tuesday. This conflict has now entered its second week, disrupting global oil and natural gas trade and potentially causing the most serious supply shock since the Russian invasion of Ukraine in 2022. The situation is particularly dire for European natural gas, as the region's fuel reserves are unusually low and a significant amount of fuel imports are needed this summer to replenish stocks before the next winter.