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European Gas Prices Jump 6% as Trump Casts Doubt on Iran Truce

European Gas Prices Jump 6% as Trump Casts Doubt on Iran Truce

Jul 8, 2026

European natural gas prices surged by approximately 6% on Wednesday following comments from U.S. President Donald Trump casting serious doubt on a fragile peace framework with Iran. The price increase reflects growing market concerns over renewed geopolitical instability in the Middle East.