European natural gas prices fell to around €72/MWh on Wednesday, their lowest level since September 4, after renewed US-Iran talks raised hopes of a diplomatic resolution. President Donald Trump said US officials had a "very good meeting" with Iranian representatives on the sidelines of the UN gathering, without providing further details. Tehran reportedly indicated it could reopen the Strait of Hormuz within seven days if Washington eases military pressure and lifts its blockade. Greater use of alternative routes by LNG (liquefied natural gas) tankers and crude carriers has also reduced some supply concerns. However, uncertainty over the conflict and energy transportation remains. European gas storage facilities are about 69% full, below the 85% five-year seasonal average, leaving the market exposed ahead of winter heating demand. Norwegian gas exports remain constrained by maintenance, with bookings falling to 262.5 mcm/day on Tuesday.