European Gas Prices Ease in Oil & Companies News 09/06/2026 European natural gas dipped to around €50 per megawatt hour, following an over 3% gain in the previous session, as Israel and Iran agreed to halt mutual attacks after a recent escalation in hostilities. Israeli Prime Minister Benjamin Netanyahu said Israel is temporarily pausing strikes on Iran but would respond if Tehran resumes hostilities, while Iranian media indicated a similar stance. The development sustained hopes for a possible restart of talks toward a wider ceasefire agreement in the Middle East. Still, heightened uncertainty persisted, while the Strait of Hormuz, through which around one-fifth of global LNG flows, remained largely constrained, posing a challenge for importing regions as disruptions tightened global supply and increased competition for cargoes. This raised concerns about Europe’s ability to rebuild gas inventories ahead of winter. Source: Trading Economics 2026-06-09 hellenicshippingnews... tweet Share