Why are oil and gas prices up today, and will Brent, US WTI crude futures, British and Dutch gas rates rise sharply or fall again? Full market explanation after Trump rejects Iran response

Why are oil and gas prices up today, and will Brent, US WTI crude futures, British and Dutch gas rates rise sharply or fall again? Oil and gas markets moved higher after the US rejected Iran’s reply to a peace proposal. Supply fears linked to the Strait of Hormuz pushed Brent, WTI, and European gas prices higher. Analysts say volatility may continue as geopolitics, tanker movements, and demand outlook shape global energy trends in the coming months.