European natural gas prices remained anchored near two-year peaks last week, with September-dated TTF futures trading at €59.07 per megawatt-hour on Friday.
While the benchmark retreated modestly from its recent record highs, the decline was marginal, reflecting persistent market anxiety over the escalating conflict between the United States and Iran.
The slight pullback in gas prices coincided with a minor dip in electricity costs for Slovak consumers, according to local reporting.
However, the broader European energy complex has yet to see a meaningful correction, as traders continue to price in the risk of supply disruptions stemming from the geopolitical standoff.
The market’s reluctance to bid down prices significantly underscores the depth of the risk premium currently embedded in energy contracts.
This pricing environment comes as the economic toll of the conflict becomes increasingly visible for consumers.