European Gas Futures Pull Back in Oil & Companies News 20/03/2026 European natural gas futures fell below €60 per MWh on Friday, retreating from an over three-year high after the US signaled potential measures to curb rising energy prices. Treasury Secretary Scott Bessent indicated that the US may soon lift sanctions on Iranian oil stranded on tankers and hinted at the possibility of additional crude releases, offering temporary relief for energy markets. President Trump also ruled out troop deployments, while Israel pledged to hold off further strikes on key Iranian gas field. These developments follow Iran’s retaliatory strike on Qatar’s Ras Laffan Industrial City, home to the world’s largest LNG export plant, after Israel attacked Iran’s South Pars gas field. Meanwhile, leading European countries and Japan offered to participate in efforts to secure safe passage for ships through the Strait of Hormuz, which remains effectively closed. Still, European gas prices remain nearly double pre-war levels, having surged more than 90% so far this month. Source: Trading Economics 2026-03-20 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share