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2026.03.0412:17:22UTC+00US Natgas Prices Snap 3-Day Gain

US natural gas futures fell to $3 per MMBtu on Wednesday, snapping a three-session rally, as global energy prices retreated on reports that Iran may be willing to engage in talks to resolve the Middle East conflict. Despite this easing, supply risks remain elevated: the world’s largest LNG facility in Qatar is still offline, and traffic through the Strait of Hormuz is heavily restricted. President Donald Trump stated that the US would secure shipping lanes and provide naval escorts if necessary. In the domestic market, warmer weather forecasts point to storage levels potentially climbing above seasonal norms by mid-March. At the same time, production remains robust, and LNG exports reached a record high in February.

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