US Natgas Prices Rebound on Thursday
2026-03-05 15:38
By
Agna Gabriel
1 min. read
US natural gas futures rose toward $3 per MMBtu on Thursday, following a sharp drop in the previous session, as investors closely watch developments in the US-Israel war with Iran.
Prices had fallen 4.5% on Wednesday on reports that Iran signaled openness to discuss ending the conflict, though Tehran later denied the claim.
The conflict has now entered its sixth day with no signs of abating, after the US sank an Iranian warship in international waters off Sri Lanka’s coast.
The world’s largest LNG facility in Qatar remains shut, while the Strait of Hormuz is closed, heightening fears of a major supply shock.
President Trump said the US would ensure safe passage for vessels and provide naval escorts if necessary, though details of the plan remain unclear.
Meanwhile, the latest EIA data showed that US energy firms pulled an above-normal 132 billion cubic feet of natural gas from storage last week.