US natural gas futures fell to around $3.08 per MMBtu on Tuesday, marking a second consecutive day of declines as concerns over prolonged supply disruptions eased. On Monday, G-7 finance ministers indicated readiness to release strategic oil reserves if needed, while President Trump suggested the ongoing conflict could be approaching its end. Still, risks in energy markets remain, with the world’s largest LNG export hub still offline and the Strait of Hormuz closed. Compared with global benchmarks, US natural gas prices have been less affected, as the country already produces enough gas to meet local demand, with LNG export capacity nearing its limit. Additionally, warmer-than-normal weather forecasts across much of the US through late March are expected to reduce heating demand, further limiting upward pressure on prices.
