European energy markets in Europe rise; TTF up >30% in ten sessions
European energy markets in Europe rise; TTF up >30% in ten sessions Heat, LNG disruption and low water levels lift European energy prices | Axpo 10.08.2026 | European Energy Markets Monthly, August 2026 European energy markets moved higher in July as renewed conflict around the Strait of Hormuz disrupted shipping and persistent heat and drought tightened power market fundamentals. The breakdown of the US–Iran memorandum of understanding halted a brief resumption of LNG flows from the Gulf and revived risk premiums across oil, gas and electricity. TTF, Europe’s primary natural gas trading hub, rose by more than 30% in ten trading sessions, peaking at 65 EUR ...