Sharp drop in natural gas prices! Nearly 18 percent loss in four days

European natural gas futures fell for a fourth straight session, with Dutch front-month contracts dropping to €85.83 and weekly losses approaching 18%. The selloff was driven by expectations that Democratic gains in the US midterm elections could accelerate efforts to end the conflict with Iran. The scale of the move matters because it marks one of the sharpest weekly declines in European gas prices, easing cost pressure on utilities and industrial users. Traders will watch whether Washington's post-election posture toward Tehran translates into concrete de-escalation steps.