09:20 AM EDT, 03/25/2026 (MT Newswires) -- Natural gas traded lower early Wednesday as mild weather in most states cuts into demand.

Gas for April delivery was last seen down $0.03 to US$2.92 per million British thermal units.

Long-term forecasts from the National Weather Service see nearly all states with seasonal or warmer temperatures over its six to 10-day outlook, while hot weather in the Southwest and central Midwest is offering some early cooling demand.

"National demand will be light today and Thursday, even with highs of 90s-100s across the Southwest into W. Texas. However, with the rest of the US comfortable and little to no subfreezing air, demand is weak," NatGasWeather noted.

The war on Iran has boosted LNG prices as shipments from Qatar, which has a 20% market share, were halted due to the closure of shipping through the Strait of Hormuz, while Iranian strikes damaged the country's liquefication facilities, with repairs expected to take years. European LNG prices are up 69% since the Feb.28 start to the war but U.S. producers have little spare capacity to boost output, keeping their call on gas supply steady.