The bank flagged upside risks to European gas prices while saying they could fall below €50/MWh if U.S.-Iran talks produce a positive outcome.
Goldman is reported to have maintained its Q3 2026 forecast for TTF gas at €60/MWh, underscoring persistent uncertainty in the European gas market. The outlook points to upside risks for prices, but also highlights a potential downside scenario in which TTF gas could slip below €50/MWh if U.S.-Iran talks lead to progress that improves supply expectations.