Oil prices fall as Trump rejects Iran deal, natural gas edges higher amid moderate demand.

Oil prices retreated after President Trump rejected Iran's latest proposal, signaling ongoing tense U.S.-Iran negotiations and keeping the Strait of Hormuz effectively closed. WTI oil tested below $102, risking a drop to the $100 psychological level, while Brent oil fell below $108 amid profit-taking and limited buying ahead of the weekend. Meanwhile, natural gas prices are attempting to settle above resistance at $2.75-$2.80, supported by moderate demand and stable weather forecasts, with potential to rise toward $3.00 if momentum builds. The market remains cautious as geopolitical uncertainty and holiday trading impact oil movements.