Natural Gas Prices Drop as Tensions Ease in Red Sea Shipping Lanes
- Natural gas prices dropped below $2.50 as tensions in the Red Sea were defused overnight.
- Shipping companies are avoiding the Suez Canal and Red Sea, causing potential inflation.
- A US-led naval task force will patrol the Red Sea to ensure safe passage.
- Natural gas remains below a key technical resistance level of $2.60.
- Weather and economic demand continue to influence natural gas prices.