Why U.S. Natural Gas Prices Have Remained Stable
The Wall Street Journal·2026-04-10 18:01
Since the war in Iran started, oil prices have spiked, but natural gas prices in the US have barely budged. Here's why. The Middle East conflict has resulted in the closure of the straight of Hormuz, which is a crucial waterway for oil and natural gas trade.Even with the ceasefire, traffic through the waterway remains very limited, and negotiations could still fall apart. Since the war began, US benchmark oil prices have surged well above $100 a barrel. By contrast, domestic natural gas prices have actually ...