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Natural Gas Futures Soar as Iran Sets Tough Conditions for Strait Reopening

Guavy AI Editorial Team
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Natural Gas
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Natural Gas Futures surged 3.8% in pre-open trading to reach $2.762, following Iran's announcement of strict conditions for reopening the Strait of Hormuz.

The new set of conditions includes a permanent halt to U.S. military operations, the lifting of all sanctions, unfreezing of Iranian assets, and full war reparations.

This move dashes near-term hopes for restoring LNG flows through the waterway, which have collapsed by approximately 95% since February 2026 due to U.S. and Israeli military operations against Iran.

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