Natural gas price today jumps nearly 6% as Qatar LNG halt and Hormuz risks ripple through markets
U.S. April natural gas futures jumped 5.6% to $3.125 per mmBtu Tuesday as traders reacted to LNG supply disruptions and shipping risks from the Iran conflict. Qatar halted LNG output after strikes at Ras Laffan, and Iran declared the Strait of Hormuz closed. European gas prices surged nearly 50% Monday. Market attention now shifts to Thursday’s U.S. storage data and temperature forecasts.