Why are oil and gas prices up today, and will Brent, US WTI crude futures, Dutch and British gas rates rise further or fall again? Strait of Hormuz closure, US-Iran ceasefire collapse possibility

Why are oil and gas prices up today, and will Brent, US WTI crude futures, Dutch and British gas rates rise further or fall again? Oil and gas markets moved higher after fears that the US-Iran ceasefire may collapse and shipping slowed in the Strait of Hormuz. Oil supply risks, gas storage concerns in Europe, and uncertainty around negotiations pushed prices up. Analysts say volatility may continue as investors watch supply disruptions, shipping activity, and geopolitical developments closely.