Europe natural gas prices drop as diplomatic hopes rise between United States, Iran. Maintenance in Norway nears completion, helping to ease supply pressures further downward.
Dutch TTF October contracts fall after negotiations progress in New York city.
British next-month delivery contracts also decline, reflecting regional easing energy tensions. Negotiators work on phased exit plan involving reopening Hormuz Strait and easing sanctions.
Long Hormuz closure is possible, yet successful dialogue could boost regional energy flows. Analysts note high prices result from war impacts and low European storage levels.