

The US and Iran have agreed to a two-week ceasefire, leading to a nearly 15% drop in Brent crude oil prices to around $95 per barrel. This decline raises questions about potential reductions in fuel prices for consumers.
The US and Iran have made a two-week ceasefire agreement, which includes Iran reopening of the Strait of Hormuz for ships to pass through safely.
Brent crude oil prices dropped by nearly 15% to roughly $95 (£70.68) per barrel after the announcement, a significant decline from highs of nearly $120 a barrel earlier in the war.
But does that mean our fuel prices are suddenly going to be cheaper?
The BBC's Asia business reporter, Nick Marsh, looked into what this means for prices.
41 minutes ago
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BBC reports from the funerals of three journalists killed by a targeted attack in southern Lebanon.
Middle East](/news/videos/ce354d73v2ko)
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Israeli forces have been instructed to destroy the crossings over the Litani river that were being used by Hezbollah to send reinforcements.
Middle East](/news/videos/c2087lr223lo)
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In footage from Russian state broadcaster RT, correspondent Steve Sweeney is seen diving off screen as a missile hits.
Middle East](/news/videos/ce9mz0gl8z7o)
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At least 10 people were killed and 27 injured, according to Lebanon's state-run National News Agency.
Middle East](/news/videos/cy4w40p93d0o)
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Iranians speak about life during the war with constant threat of bombs and regime crackdowns.
Middle East](/news/videos/cgk2lk86y3mo)
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Ben Chu from BBC Verify has been looking at what role the Royal Navy could play in the Strait of Hormuz.
Middle East](/news/videos/cvgj29dgrxwo)
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Displaced Palestinians were told to secure their tents to prevent them being blown away as a storm swept through the enclave.
Middle East](/news/videos/cwy8rx3ryljo)
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Dan Johnson hears from Iranians at a crossing in north-west Iran about their thoughts on the war and regime.
Middle East](/news/videos/clyx5dlnw44o)
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BBC Verify explains how we verified a video of a fire at an oil depot in Iran.
Middle East](/news/videos/crl4wl339yyo)
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The footage demonstrates the flow of ships passing through the Strait of Hormuz in the Gulf since the US-Israeli military offensive began against Iran on 27 February.
Middle East](/news/videos/c0rjyr22ypeo)
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Trade at the Middle East's biggest port has been hit hard since Iran's blockade of the Strait of Hormuz began.
Middle East](/news/videos/cgrzk874171o)
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Foreign Secretary Yvette Cooper has hit back at President Trump's criticism of the UK response to the conflict in Iran.
Middle East](/news/videos/cd03py027vyo)
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Footage shows flames tearing through the building in the early hours of Sunday, following more attacks on the gulf state.
Middle East](/news/videos/c9wnex8g5dyo)
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Social media footage shows flames leaping into the air and plumes of smoke above the city's skyline.
Middle East](/news/videos/c7vj9redqz2o)
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Video filmed by a witness and verified by the BBC shows a drone crashing close to the airport.
Middle East](/news/videos/c5yr734zml3o)
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Explosions rocked the capital overnight as its busiest airport was hit by airstrikes.
Middle East](/news/videos/cvgjl2ppxy1o)
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Some residents in the Beirut suburb of Dahieh have left their homes amid ongoing air strikes by Israel.
Middle East](/news/videos/cg4g0gl23z4o)
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The BBC's Nick Marsh examines how unrest in the Middle East will impact living costs around the world.
Middle East](/news/videos/cy4w1r078x2o)
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Iranians fleeing their country have told the BBC what life under bombardment has been like.
Middle East](/news/videos/czx4r6zq7wxo)
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The Israeli military said it began "a wave of strikes” hours after telling civilians living in a large swathe of southern Lebanon to leave their homes immediately.
Middle East](/news/videos/cddnn158r7zo)
Share this article
The recent drop in Brent crude oil prices was caused by a two-week ceasefire agreement between the US and Iran, allowing safer passage through the Strait of Hormuz.
Brent crude oil prices decreased by nearly 15%, falling to approximately $95 per barrel from highs of nearly $120.
While the drop in oil prices may suggest potential decreases in fuel prices, it is uncertain if consumers will see immediate reductions.
The reopening of the Strait of Hormuz is significant as it allows for safer shipping routes, which can stabilize and potentially lower oil prices.






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