US stock futures and natural gas initially rose following the completion of military strikes against Iran and forecasts of hot weather, alongside a $10 billion merger announcement between Eaton and Dana. However, natural gas prices later declined as market focus shifted toward cooling weather-driven demand rather than geopolitical agreements. Finally, Centrica's CEO announced plans to increase natural gas purchases from the United States.
Centrica's CEO announced plans to expand natural gas procurement from US suppliers to diversify energy sources and secure long-term needs.
Read the full storyIn a move reflecting the rapid erosion of geopolitical risk premiums in energy markets, natural gas prices faced heavy selling pressure following major diplomatic breakthroughs.
Nasdaq 100 futures climbed 1.1% following the conclusion of US military strikes, while natural gas jumped 3% on bullish weather forecasts.