Fuel prices could fall 'in the coming days' after Trump and Iran agree ceasefire

Fuel prices could fall 'in the coming days' after Trump and Iran agree ceasefireAn eleventh hour deal struck between Donald Trump and Iran prompts sharp drop in oil prices, piling pressure on forecourts to pass on the savings to motoristsCommentsMoneyGraham Hiscott Business and Consumer Editor08:49, 08 Apr 2026Updated 08:56, 08 Apr 2026View 3 ImagesA sharp rise in fuel prices saw queues form at some cheaper forecourts (Image: AFP via Getty Images)Fuel prices could begin to fall in the coming days after the US and Iran agreed a ceasefire deal, drivers were told.‌The agreement between Donald Trump and Tehran - brokered an hour and a half before a deadline set by the US President - triggered a sharp fall in oil prices.‌Brent crude tumbled from around $110 a barrel to below $94 in early trading on Wednesday. It remains well above the $70 it was before the conflict erupted at the end of February.‌Petrol - and especially diesel - was where UK households saw the impact of the crisis most, leading to warning about “price gouging” - with little lag between the cost of oil surging and motorists feeling pain at the pump.View 3 ImagesFuel prices have surged on the back of the Middle East war (Image: Getty Images)READ MORE: Donald Trump's 'sweary' Truth Social post sparks 'warning of doom'Pressure will rightly be on forecourts to pass on the sharp fall in oil prices - down below $95 a barrel - in the wake of the ceasefire deal.‌According to the AA, the nationwide for average for unleaded now stands at 157.2p a litre, and 189.2p for diesel. Before the war began, unleaded was 132.83p and diesel 142.38p.Nigel Green, chief executive of financial advisory firm deVere Group, said: “Drivers will feel some short-term relief as petrol and diesel prices edge lower, and markets are reacting strongly to the pause.“But oil remains elevated, and that continues to feed through the entire economy, into prices, business costs and investment decisions.”‌"Ev...