Executives Forecast Higher Natural Gas Prices Amid Iran War Uncertainty

Mounting uncertainty around the US-Israeli war with Iran is weighing heavily on energy executives. The latest Federal Reserve Bank of Dallas energy survey shows that oil and natural gas leaders are uneasy about the potential impact of a conflict.

The survey, which covers energy producers and suppliers, found that respondents are forecasting higher natural gas prices at the Henry Hub. This is due in part to concerns over supply disruptions and increased demand if war were to break out.

The uncertainty around Iran has created an 'Iran wild card' that's complicating projections for upstream activity growth, according to the survey. While executives are cautious about predicting the future, they're generally expecting slower growth in natural gas production.