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economicApr 29, 2026

Why are oil prices up today while natural gas futures continue to drop now? Oil market surge, gas decline, Brent crude futures, Waha Hub prices explained

Summary

Why are oil prices up today while natural gas futures continue to drop now?Oil prices are rising mainly because of supply risks linked to geopolitical tension. The United States has continued a blockade of Iranian ships, which limits Iran’s ability to sell crude oil. In response, Iran has kept the Strait of Hormuz closed to other oil tankers. This route is a key path for global oil shipments. When traders fear supply disruptions, oil prices usually increase because markets expect tighter availability. Another reason oil prices are rising is inflation concern. Higher oil prices can push fuel and transport costs up. Central banks watch energy prices closely because they affect inflation. The Federal Reserve has already signaled caution about cutting interest rates. This adds to the belief that energy prices may remain high in the near term. Natural gas futures are falling for different reasons. Gas storage levels in the United States are above normal because of mild weather. When temperatures are not too hot or cold, energy demand drops. Lower heating and cooling demand reduces gas consumption, which pushes prices down. Pipeline constraints are also affecting gas prices. In the Permian Basin, gas has remained trapped due to limited pipeline capacity. This has kept prices at the Waha Hub in negative territory for weeks. High supply, weaker demand forecasts, and strong storage levels together explain why gas prices are declining while oil prices continue to rise. Oil prices rise due to geopolitical tension and supply risksOil prices moved higher during the trading session. Brent crude for July delivery rose 5.8% to $110.41 per barrel and touched $111.50 earlier. The most active Brent contract reached $119.50 last month during the war with Iran. June Brent briefly reached $119.76. Oil prices rose as President Donald Trump signaled the U.S. blockade of Iranian ships may continue. The blockade limits Iran’s ability to sell oil. Iran responded by keeping the Strait of Hormuz closed to other tankers carrying crude worldwide. This situation increased supply concerns and lifted oil prices. High oil prices influenced inflation expectations. The Federal Reserve cited oil prices as one reason for pausing interest rate cuts. Lower rates could support growth but may increase inflation risks. Stock markets move lower while bond yields riseU.S. stocks moved slightly lower during trading. - S&P 500 fell 0.4% - Dow Jones Industrial Average dropped 394 points or 0.8% - Nasdaq declined 0.4% Bond markets reacted strongly. Treasury yields rose after the Federal Reserve decision. - 10-year Treasury yield rose to 4.40% from 4.36% - Two-year Treasury yield rose to 3.91% from 3.84% Traders expect the Federal Reserve to keep interest rates steady through the year. Some traders now see a small chance of a rate hike. Corporate earnings support markets despite pressureMany companies reported stronger profits. Visa shares rose 9% after reporting higher results. CEO Ryan McInerney said consumer spending remained stable. Starbucks shares rose 8.9% as customers spent more per visit. Some companies fell after weak results. GE Healthcare Technologies dropped 12.6%. Robinhood Markets fell 14.7%. Booking Holdings said the war with Iran affected travel demand and bookings. The company expects the conflict to impact business through June. Travel routes between Europe and Asia may also be affected. Global markets moved mixed. European markets declined while Hong Kong’s Hang Seng rose 1.7%. Market supply and demand changesNatural gas futures declined because of supply and demand factors. Gas futures for June delivery fell to $2.647 per mmBtu. Prices dropped about 2%. Waha Hub prices in West Texas stayed negative for 58 days due to pipeline constraints in the Permian region. Gas remained trapped in the region. Waha prices averaged negative $2.15 per mmBtu in 2026 compared with positive prices in previous years. Gas output in the Lower 48 states averaged 110.0 bcfd in April, slightly lower than March. Output fell to a two-week low of 108.4 bcfd recently as low prices pushed producers like EQT to reduce production. Weather and storage push gas prices lowerMild weather increased gas storage injections. Inventories rose to about 8% above normal. Cooler weather in May reduces heating and air-conditioning demand. Gas demand forecast: - This week: 102.1 bcfd - Next week: 99.6 bcfd Gas flows to LNG export plants rose to 18.8 bcfd in April. Storage increases and lower demand pushed prices down. Analysts insights and market outlookAnalysts say oil prices depend on geopolitical developments and supply risks. If the Strait of Hormuz remains closed, supply disruptions may continue. Oil prices may stay elevated. Natural gas prices depend on storage levels, demand, and weather forecasts. High inventories and mild temperatures could keep gas prices under pressure. The Federal Reserve stance remains important. High energy prices may delay interest rate cuts. Bond yields and stock markets may react to future policy signals. What should investors do now?Investors are watching energy markets, inflation signals, and central bank policy. Oil price volatility may continue due to geopolitical risk. Gas prices may remain weak due to storage levels and demand forecasts. Investors may track earnings results, bond yields, and global energy supply updates. Market direction may depend on geopolitical developments and economic data. FAQs Q1. Why are oil prices rising while gas prices fall? Oil prices rise due to geopolitical tension and supply disruption in the Strait of Hormuz. Gas prices fall due to high storage, mild weather, pipeline constraints, and lower demand forecasts across the United States energy market. Q2. Will oil and gas prices change soon? Oil prices may stay high if supply disruptions continue. Gas prices may stay low if storage levels remain high and demand stays weak. Weather forecasts and Federal Reserve policy will influence future energy price trends. (You can now subscribe to our Economic Times WhatsApp channel) (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates. (You can now subscribe to our Economic Times WhatsApp channel) (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates. Explore More Stories

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  • Gandharv WaliaBy Gandharv Walia

    Why are oil prices up today while natural gas futures continue to drop now?Oil prices are rising mainly because of supply risks linked to geopolitical tension. The United States has continued a blockade of Iranian ships, which limits Iran’s ability to sell crude oil. In response,

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economicUnverifiedUSEURussiaUkraine
1 source

Binance provided Russian authorities with personal and transaction data on a Russian IT specialist whose cryptocurrency donations to Ukrainian fundraising campaigns were later used as evidence in a “terrorism” financing case, Reuters reported on Monday.

The documents reviewed by Reuters show that Russian investigators requested the information from Binance and received details identifying the user and his cryptocurrency transfers to Ukrainian organizations. JOIN US ON TELEGRAM Follow our coverage of the war on the @Kyivpost_official.

The case raises questions about Binance’s handling of Russian law enforcement requests after the company said in 2023 that it had fully exited the Russian market. Binance data used in Russian criminal case Russian investigators alleged in October 2025 that IT specialist Yuri Belenkiy, a 49-year-old Russian citizen with a Bulgarian residency permit, had sent more than $700 in cryptocurrency to the Ukrainian military and an associated organization.

Belenkiy was detained in September 2025 and is currently in a Russian jail awaiting trial on terrorism financing charges. According to the documents reviewed by Reuters, Russian law enforcement asked Binance for Belenkiy’s transaction history. The exchange subsequently provided information showing transfers to Ukrainian organizations.

The data was incorporated into the case against Belenkiy. An interim case summary sent to Russia’s Prosecutor General’s Office cited the cryptocurrency transfers as grounds for the so-called “terrorism” financing charges. Ukraine Says Russian Explosives Plant Hit, Two Workshops Destroyed The information reportedly included Belenkiy’s date of birth, address, telephone number, passport number, a copy of his Russian passport, and a copy of his Bulgarian residency permit.

Binance says it complied with legal requests Binance disputed the suggestion that it had improperly handed over the information. “Binance does not make or enforce the laws of any jurisdiction, determine charges, or decide how any government uses information in legal proceedings,” a company spokesperson told Reuters.

The exchange said it cooperates with lawful requests from law enforcement agencies worldwide, subject to applicable legal, privacy, and regulatory requirements. Binance declined to comment specifically on Belenkiy’s case, saying it does not discuss confidential law enforcement requests or individual cases.

The company said in September 2023 that it was fully exiting Russia because operating there was incompatible with its compliance strategy. It said the exit involved no ongoing revenue sharing and no option to buy back the business. Questions over EU data protection rules The disclosure could also raise questions under European data protection law if Belenkiy was registered with Binance as an EU resident.

Mike Bystrov, a lawyer specializing in cryptocurrency regulation, told Reuters that an EU resident would generally be covered by the bloc’s General Data Protection Regulation (GDPR). He said GDPR rules could restrict the transfer of personal data to Russia and that disclosure could require a court order and compliance with strict conditions.

However, Reuters could not establish whether Belenkiy was registered with Binance as a Bulgarian resident. Binance did not comment on whether the disclosure in Belenkiy’s case violated GDPR rules and Bulgaria’s Commission for Personal Data Protection did not respond to Reuters’ questions about the case.

Russia has targeted crypto donations to Ukraine Russian authorities have prosecuted a number of people who donated cryptocurrency to Ukrainian causes, according to rights activists tracking such cases. The documents reviewed by Reuters indicate that investigators also asked Binance to identify other people who had transferred cryptocurrency to a wallet used to solicit donations for Ukraine.

The outcome of that request is unclear. The fundraising campaign was promoted by Arkady Babchenko, a Russian journalist and Kremlin critic living in exile. In posts on Telegram, he listed cryptocurrency wallets for donations that he said would be used to purchase medical equipment for Ukrainian soldiers.

Babchenko told Reuters that he had warned people inside Russia against donating to Ukrainian military fundraisers because of the risk of arrest. He described the sharing of Russian donors’ information with Russian authorities as inappropriate. The First Department, a Russian rights organization that obtained the law enforcement documents from a relative of Belenkiy, said the case illustrated the risks faced by Russians supporting Ukraine through cryptocurrency.

Reuters said it could not independently establish whether Binance had provided Russian authorities with information about other users who made similar donations.

economicUnverifiedUSIran
1 source

While a solid industry pricing backdrop suggests upside to JetBlue Airways Corp’s (NASDAQ:JBLU) revenue in the back half of the year, a worsening geopolitical landscape raises risks, according to Seaport Research Partners’ Daniel McKenzie The Analyst: McKenzie downgraded JetBlue from Buy to Neutral, adding that the balance sheet risk has moved “to the front burner” with the Strait of Hormuz still closed.

Check out other analyst stock ratings. The upgrade had quantified the revenue upside from Spirit Airlines’ cessation of operations in May at around $500 million and JetBlue’s management lifted the value of their JetForward plan by $300 million, suggesting that “conservatism remains in that outlook,” the analyst stated.

Another key assumption was that the US-Iran war would end “relatively soon,” he added. However, military experts indicate that the Strait of Hormuz is “unlikely to open anytime soon,” McKenzie pointed out. President Donald Trump signed an agreement in June that set a 60-day deadline for ending the war with Iran and resolving issues on its nuclear program.

The deadline was Monday, according to the Associated Press. Both sides remain at odds. Higher Geopolitical Risk = Lower Valuation Multiple Investors could get a lower entry point into the JetBlue stock, he noted. While jet fuel volatility is a challenge for all industry participants, it poses “a disproportionate risk” to JetBlue Airways, given its “elevated debt levels,” the analyst wrote.

If oil prices rise from ongoing US-Iran hostilities, JetBlue may increase its debt to fund losses. That will make its balance sheet “too indebted,” leading to its shares ultimately becoming “worthless,” McKenzie said. With supply appearing to be modestly higher versus the third quarter, revenue upside for JetBlue Airways“could be limited at a time when it may need to boost ticket prices,” McKenzie said.

JBLU Price Action: Shares of JetBlue Airways had declined by 5.75% to $5.33 at the time of publication on Monday. Image: Shutterstock © 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. To add Benzinga News as your preferred source on Google, click here.

Location: Iran
economicUnverifiedIsraelChinaTaiwan
1 source

World War II brought unprecedented catastrophe and historical trauma to all humanity. The Chinese mainland and the Taiwan region, as the main Eastern battlefield of the World Anti-Fascist War, waged arduous and heroic struggles and made enormous national sacrifices.

Yet in May this year, President Lai Ching-te, the leader of the Taiwan authorities, brazenly attended a so-called memorial ceremony for Japanese engineer Yoichi Hatta, lauding Hatta’s supposed “contribution to advancing Taiwan’s modernization” during Japan’s colonial rule of Taiwan, and even knelt before a memorial statue of his, sparking an uproar both on the island and beyond.

In fact, Japan imposed colonial rule over Taiwan for half a century after launching its war of aggression against China at the end of the 19th century. During this period, military conquest, political repression, economic plunder, and cultural oppression were intertwined, and its numerous crimes brought profound suffering to the people of Taiwan, constituting the darkest chapter in Taiwan’s history.

Economically, Japanese colonialists, such as Yoichi Hatta, enforced the so-called colonial economic policy of “agricultural Taiwan, industrial Japan,” wantonly plundered Taiwan’s resources. Politically, they exercised high-pressure control through the autocratic rule of the governor-general, the Japanese police, and the Baojia system (a community-based surveillance and mutual responsibility mechanism), depriving the people of Taiwan of their various rights and interests.

Culturally, they systematically imposed enslaving education on the people of Taiwan in an attempt to sever the cultural ties between the two sides of the Taiwan Strait rooted in Chinese civilization. After 1937, the Japanese colonialists further tied Taiwan to the war machine of militarism, forcibly recruiting soldiers and laborers and even conscripting “comfort women” in Taiwan.

The people of Taiwan fought one after another against Japanese aggression and colonial rule, with hundreds of thousands of Chinese compatriots paying for it with their blood and lives. For the sake of partisan and personal interests, the Lai Ching-te authorities have disregarded historical facts and gone to great lengths to whitewash and glorify Japanese colonial rule.

This is undoubtedly a distortion of history, a desecration of the martyrs, and a betrayal of the nation. It once again exposes their nature of currying favor with Japan, selling out Taiwan, and resorting to every means in pursuit of “Taiwan independence” and provocation.

Such conduct is utterly without a bottom line and deeply contemptible. Hope going forward May 2026 marked the 80th anniversary of the opening of the Tokyo Trials. Eighty years ago, this historic trial established that Japanese militarism had launched a war of aggression and exposed the numerous crimes committed by Japanese aggressors in many Asian countries.

The Tokyo Trials upheld the conscience of humanity and delivered historical justice. Together with the Nuremberg Laws, they permanently nailed the fascist war criminals to the pillar of historical disgrace. The historical justice embodied in these two great trials must not be denied, the legal force of their judgments must not be challenged, and the foundations they laid for the postwar international order must not be shaken.

“To forget history is to betray it.” Any words or actions that attempt to rehabilitate the crimes of militarism and fascism constitute a desecration of human conscience and international fairness and justice. They will inevitably meet the resolute opposition of peace-loving people throughout the world and will inevitably be brought before the judgment of history once again.

Taiwan’s return to China is one of the great achievements of World War II, and an important part of the postwar international order. Upholding the one-China principle is not only a consensus of the international community but also an essential obligation for safeguarding the postwar international order, which brooks no challenge.

The Chinese people have the firm resolve, full confidence, and sufficient capability to resolutely thwart all schemes aimed at interfering in China’s internal affairs and obstructing China’s reunification. During World War II, the Chinese and Jewish peoples stood side by side against tremendous hardships and forged a profound friendship.

We deeply remember the pain of history and jointly safeguard historical truth. The emergence of any signs of moving against the tide of history warrants our heightened vigilance. We hope our Israeli friends will see the situation clearly, fully understand the facts concerning the Taiwan question, recognize the sinister intentions and political schemes of the “Taiwan independence” separatist forces, and understand and support the efforts of the Chinese government to achieve national reunification.

The writer is the Chinese ambassador to Israel.

Location: Jerusalem
economicUnverifiedUSIsraelUNRussiaUkraine
1 source

A recent official Knesset report showed a sharp decline in the number of Israelis returning to Israel in recent years, alongside a rise in the number of those leaving the country, Yedioth Ahronoth reported Monday, Anadolu reports. “The wave of hostility towards Israel in the world and the sense of belonging could have led to an increase in the number of Israelis returning, despite the war,” the newspaper said citing a report by the Knesset Research and Information Center The report comes amid widespread public and official anger toward Israel around the world over its US-backed genocidal war on Gaza since Oct.

8, 2023. The genocide has killed more than 73,000 Palestinians and injured over 174,000, most of them women and children, while destroying 90% of Gaza’s infrastructure. The UN has estimated reconstruction costs at around $70 billion. “In the years 2022-2024, there was a drastic 53% decrease in the number of returning residents,” the Knesset report highlighted, according to the newspaper.

The report did not address the proportion of Israelis returning in 2025. The newspaper said the decline coincides with recently published data by Israel’s Central Bureau of Statistics and academic researchers showing a sharp increase in the number of Israelis leaving the country.

“The study also addressed a series of bureaucratic, economic, and social challenges that make it difficult for Israelis to make a decision to return,” the newspaper said. These include long waiting periods to obtain state health insurance, fewer benefits compared with new immigrants, employment challenges and difficulties integrating children into the education system.

READ: Arday backed Palestine; man behind witch hunt believes in racial hierarchy and supports Israel Yedioth Ahronoth said the average annual number of returning Israelis stood at around 9,300 between 2008 and 2012, before falling to around 7,400 between 2013 and 2020.

“There has been a steep decrease in the number of returnees from about 8,000 in 2020 to about 3,800 in 2024 – the lowest number in recent years,” it said. According to the newspaper, the report said the steepest decline occurred in 2023, without providing further details.

The drop in return migration also contributed to Israel’s migration balance deficit between 2022 and 2024, which measures the difference between those entering and leaving the country. According to Central Bureau of Statistics data cited in the report, Israel recorded a migration deficit of around 140,000 people over those three years.

The newspaper said North America has long accounted for the largest share of returning Israelis, but the number returning from there has also fallen sharply. Around half of all returnees between 2005 and 2024 came from North America, while another 13% returned from Britain, Germany and France, and 6% from Russia and Ukraine.

The number of returnees from the US dropped significantly, from around 3,700 in 2020 to only 1,500 in 2024. “The proportion of residents returning from Russia and Ukraine increased significantly in 2022 to 9% from Ukraine and 8% from Russia of all returnees, apparently due to the Russia-Ukraine war,” the newspaper said.

Location: Israel