U.S. NATURAL GAS INVENTORIES SEEN UP 74 BILLION CUBIC FEET LAST WEEK IN THURSDAY'S EIA REPORT, POLL SHOWS

The US is awaiting Iran’s response to a proposal aimed at reopening the Strait of Hormuz and ending a conflict that has killed thousands and driven energy prices higher. Iran is expected to respond within days, though it has shown no clear willingness to accept limits on its nuclear program or halt uranium enrichment, as required in the US plan. Washington has delivered a one-page memo that could also lift the blockade on Iranian ports, potentially leading to a month of negotiations toward a peace deal focused on nuclear issues. Trump said the goal is to prevent Iran from obtaining a nuclear weapon and indicated possible escalation if the plan is rejected, while also suggesting a deal could be reached soon. Iran has not formally responded, with state media calling reports speculative and reaffirming its position on enrichment.

SHARES OF CK HUTCHISON UP MORE THAN 3%