European gas prices declined on Monday, tracking a fall in crude oil.
The benchmark Dutch TTF front-month contract fell 2.4% to €48.975 per megawatt hour.
The UK June contract dropped 2.7% to 120.23 pence per therm.
Oil prices turned lower after reports that the U.S. is considering a temporary waiver on Iranian sanctions.
Treasury Secretary Scott Bessent urged G7 officials to adhere to U.S. sanctions on Iran.
President Trump warned Iran that time for a peace deal is running out.
A drone attack on a UAE nuclear facility and intercepted drones in Saudi Arabia raised geopolitical tensions.
