European natural gas prices rose toward €74 per megawatt-hour on Tuesday after falling nearly 8% to a two-week low in the previous session. Investors are watching for potential talks between US President Trump and Iranian President Pezeshkian, as progress could reduce concerns about prolonged disruptions through the Strait of Hormuz. More LNG tankers and crude carriers are reportedly using alternative routes out of the Gulf, while lower-than-expected demand in Germany’s latest gas-storage tenders has also weighed on prices. Germany’s historically low storage levels, reduced regional supply and competition with Asia continue to pose risks ahead of winter.