TTF Gas Jumps 3% as Hormuz Standoff Blocks LNG Flows

European benchmark TTF gas prices rose 3% to $84.30/MWh as the US-Iran standoff continues to block LNG shipments through the Strait of Hormuz. Prices remain below the month's peak of $93/MWh, indicating market expectations of a prolonged but not escalating disruption. The supply shock is a direct driver of European energy costs and inflation.