- Motorists could see petrol and diesel prices fall in approximately two weeks if the Iran ceasefire remains in effect, according to motoring groups.
- An average tank of petrol is currently £13.86 more expensive than before the conflict, with diesel costing £26.80 more.
- Despite an initial drop, oil prices rose again on Thursday due to concerns over the ceasefire's fragility, following fresh attacks on Lebanon.
- Brent Crude, the global benchmark, increased by 4.6 per cent to $99.11 a barrel, with U.S. Vice President JD Vance calling the truce "fragile".
- Experts warn that even if peace holds, the oil market will take significantly longer to recover, particularly concerning the reopening of the Strait of Hormuz.
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