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Oil slides after Iran Pakistan US talks hopes while gas jumps on tighter US supply and LNG surge
Economy
Published on 1 May 2026
Iran hints talks, but US LNG demand keeps gas high
Oil prices fell after Iran proposed new talks with the US via Pakistan, boosting hopes of improved supply. Brent and WTI initially dropped before a partial rebound. Meanwhile, US natural gas futures rose as domestic output declined and LNG exports hit records. Storage levels, pipeline constraints, and weather-driven demand further influenced gas prices.
- Iran proposed talks via Pakistan, easing oil supply worries
- Brent and WTI fell, then saw only a partial recovery
- US gas futures rose on lower output and record LNG exports
- Storage, pipeline limits, and weather forecasts shaped gas demand
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times