Why are oil prices nearing $110, and will Brent and US WTI crude futures continue to rise or fall again? A

Why are oil prices nearing $110, and will Brent and US WTI crude futures continue to rise or fall again? Oil prices remain near $110 as the Strait of Hormuz stays closed and geopolitical tension increases. A deadline from US President Donald Trump raised fears of escalation with Iran. Brent and US WTI crude futures reacted to supply disruption, refinery demand, and OPEC+ output plans, while traders monitor shipping risks, global supply flows, and diplomatic developments.