Natural gas prices in the US shot up as a result of cold weather forecasts and the latest Red Sea military conflicts. Henry Hub natural gas futures surged, reaching the highest level since November, influenced by increased demand and potential disruptions to production. The ongoing unrest in the Red Sea, a key shipping route, intensified concerns about global supplies and thus impacting liquefied natural gas shipping costs to Europe and Asia, although these prices are a bit more stable at the moment. While natural gas is in surplus in the US, geopolitical events affecting transportation can impact global energy prices. In contrast, oil prices, represented by West Texas Intermediate crude and Brent crude, exhibited minor movements, with WTI increasing 2.8%…