GREER: U.S. trade deficit fell 20% YoY.

U.S. Vice President Vance said the United States will not negotiate with Iran until Tehran stops firing on commercial vessels. Asked how President Trump could declare an end to hostilities while U.S. forces remain near the Strait of Hormuz, Vance said "there are no major combat operations underway." He added the U.S. presence is intended to keep oil and gas transiting the Strait of Hormuz and to prevent a catastrophic global energy crisis.

Goldman Sachs expects U.S. natural gas demand growth will tighten the market balance by 2029, supporting prices in the high-$3/MMBtu range.