European Gas Drops Amid Trump’s Efforts to Calm Energy Markets

European natural gas dropped after US President Donald Trump predicted the Iran war will end soon, as he faces mounting pressure over how the conflict has upended energy markets.

Shortly after the gas market closed, Energy Secretary Chris Wright said the US had escorted an oil tanker through the Straight of Hormuz causing oil futures to extend losses. Europe’s gas traders will have to wait until the market reopens to price in the development.