What caused the decline in European natural gas prices according to the news?

European natural gas prices declined during early trading in Asia on optimism that the US and Iran are closing in on a deal that would reopen the Strait of Hormuz.

What did former US President Donald Trump say about the US–Iran negotiations, as cited in the news?

Former US President Donald Trump said 'the negotiations are proceeding in an orderly and constructive manner,' and 'our relationship with Iran is becoming a much more professional and productive one' in a social media post.

European Gas Prices Decline on Optimism US and Iran Will Reach Deal

May 24, 2026

European natural gas futures dropped up to 5.9% to €45.81/MWh amid optimism that US-Iran negotiations could reopen the Strait of Hormuz. President Trump stated negotiations are proceeding constructively in a social media post.

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European Gas Prices Decline on Optimism US and Iran Will Reach Deal

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