TTF Futures Swing From Loss to Gain After Iran Rejects Trump's Hormuz Plan

European benchmark natural gas prices erased an early 3% loss at Monday opening and were up by 1.3% in morning trade in Amsterdam, as the commodity markets watch with apprehension the latest U.S.-Iran standoff at the Strait of Hormuz. The front-month contract of the Dutch TTF Natural Gas Futures, the European benchmark for gas trading, was up by 1.3% at $39.67 (46.48 euros) per megawatt-hour (MWh) on Monday. Prices dipped by nearly 3% at opening on Monday after U.S. President Donald Trump announced the U.S. would guide ships through the Strait…