Common Questions

Why does Standard Chartered think gas prices could hit 80 euros?: The bank forecast TTF could breach EUR 80/MWh if the Iran conflict remains unresolved at the start of summer gas injection season, based on low storage levels and continued LNG diversion to Asia.Source: european-energy-markets
What is Standard Chartered's view on European gas for 2026?: Standard Chartered warned in April 2026 that TTF could breach EUR 80/MWh under a prolonged Hormuz disruption scenario, significantly above Goldman Sachs' EUR 50/MWh baseline forecast.Source: european-energy-markets
Do banks like Standard Chartered actually trade gas?: Standard Chartered is primarily a bank with commodities research; the forecasts come from its research division and are distributed to clients. It does not operate as a major physical gas trader.Source: european-energy-markets
What is Standard Chartered forecasting for gas prices?: Standard Chartered's commodities research has projected European gas could reach EUR 80/MWh before summer under sustained Hormuz disruption. Brent hit $108.11 by Day 60 of the Iran conflict.Source: Standard Chartered
What is Standard Chartered's role in covering the Iran war?: Standard Chartered provides commodities research tracking Brent price movements and European gas exposure under Hormuz disruption scenarios, drawing on its significant Asia-Pacific banking operations.

Background

Standard Chartered's commodities research desk has tracked Brent price movements throughout the Iran conflict, with Brent reaching $108.11 by Day 60. Its European gas price forecasts, projecting EUR 80/MWh potential before summer, have been among the most cited in the context of OFAC GL-V's 24 May wind-down deadline for Hengli Petrochemical. Standard Chartered's Asia-Pacific exposure makes it particularly well-positioned to track the intersection of Gulf supply disruption and Asian energy demand.

How the World Sees Them

Teresa Ribera, European Commission EVP

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