# A global gas crunch is squeezing the world, but not the U.S.

> Europe and Asia are paying much higher natural gas prices due to the Iran war-driven surge, while U.S. buyers pay around $3 per MMBtu. The U.S. has been largely shielded from the global price spike.

- Date: 2026-11-13 · published 2026-11-13T15:10:13.417Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/97983-a-global-gas-crunch-is-squeezing-the-world-but-not-the-u-s
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

A wide gap between US and global gas prices supports US nitrogen fertilizer and ammonia competitiveness, while raising European and Asian input costs that feed through to feed prices.

## Read by commodity

- UREA: neutral
- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-08-26 | [Global Natural Gas Prices Seesaw Amid Increasing Supply Risks — LNG Recap](https://feedsoft.ai/events/29002-global-natural-gas-prices-seesaw-amid-increasing-supply-risks-lng-recap.md) | +5.6% | +30.5% |
| NATGAS | 2022-02-24 | [How Will Russia, Ukraine Conflict Impact U.S. LNG and Natural Gas Market?](https://feedsoft.ai/events/42884-how-will-russia-ukraine-conflict-impact-u-s-lng-and-natural-gas-market.md) | +2.2% | +13.9% |
| NATGAS | 2020-03-09 | [U.S. shale producers rush to cut spending, output as oil prices tank](https://feedsoft.ai/events/4425-u-s-shale-producers-rush-to-cut-spending-output-as-oil-prices-tank.md) | +9.8% | -10.1% |
| NATGAS | 2026-10-29 | [QatarEnergy turns to US LNG with Woodside deal as Hormuz force majeure drags on \| The National](https://feedsoft.ai/events/1451-qatarenergy-turns-to-us-lng-with-woodside-deal-as-hormuz-force-majeure-drags-on.md) | -1.8% | — |
| NATGAS | 2026-04-08 | [Big petrol and diesel price relief on the cards – Daily Investor](https://feedsoft.ai/events/10135-big-petrol-and-diesel-price-relief-on-the-cards-daily-investor.md) | -8.4% | -4.4% |
| UREA | 2026-07-06 | [How Morocco’s fertiliser giant OCP was shaken by the Hormuz crisis](https://feedsoft.ai/events/18680-how-morocco-s-fertiliser-giant-ocp-was-shaken-by-the-hormuz-crisis.md) | +4.2% | +13.0% |
| UREA | 2026-10-05 | [Middle East bottlenecks reshape global fertiliser market - Mining.com.au](https://feedsoft.ai/events/17037-middle-east-bottlenecks-reshape-global-fertiliser-market-mining-com-au.md) | -1.7% | +0.3% |
| UREA | 2024-02-29 | [5 Trends To Watch In The Input Market - AgWeb](https://feedsoft.ai/events/31595-5-trends-to-watch-in-the-input-market-agweb.md) | +7.6% | +8.6% |

## Sources

- seekingalpha.com: https://seekingalpha.com/news/4672276-a-global-gas-crunch-is-squeezing-the-world-but-not-the-us

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.