FX.co ★ US Natural Gas Prices Slip

US natural gas futures slipped to about $3.10 per MMBtu, erasing gains from the previous session in line with a broader pullback across energy markets. The move followed signals that Washington may soon ease sanctions on Iranian oil held at sea in an effort to relieve price pressures. According to Treasury Secretary Scott Bessent, such a step could release roughly 140 million barrels of crude, helping to stabilize prices over the next 10–14 days.

At the same time, President Donald Trump said the US has no plans to deploy ground troops, while Benjamin Netanyahu indicated that Israel would delay additional strikes on Iranian energy infrastructure. Those comments helped calm markets after the most intense single day of attacks on energy assets since the conflict began, which included severe damage to the world’s largest LNG plant in Qatar.

Separately, the latest weekly report from the EIA showed a 35 billion cubic feet build in US natural gas storage, reinforcing signs that heating demand is easing as the winter season draws to a close.