FX.co ★ US Natgas Prices Rise for 2nd Session

US natural gas futures rose above $3.05 per MMBtu on Friday, leaving the market up roughly 7% for the week, as the escalating conflict in the Middle East raised concerns over prolonged disruptions to critical gas supplies. Uncertainty surrounding the timeline for fully restoring operations at QatarEnergy’s Ras Laffan complex—the world’s largest LNG export hub—has intensified fears of a potential supply deficit, especially with the Strait of Hormuz now closed. Prices have found additional support from a larger-than-expected draw on storage and warmer weather forecasts that point to stronger-than-anticipated demand this week. At the same time, the Trump administration indicated it is weighing several options to counter rising energy prices stemming from the ongoing turmoil in the region.