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Watch: When will fuel prices go down?

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.

4 hours ago

Relatives and friends carry the coffin of Mohammed Ftouni, during the funeral of Lebanese journalists, Al Mayadeen reporter Fatima Ftouni, cameraman Mohammed Ftouni and Al Manar reporter Ali Shaib, who were killed by a targeted Israeli strike, amid escalating hostilities between Israel and Hezbollah, as the U.S.-Israeli conflict with Iran continues, in Choueifat, Lebanon, March 29, 2026.

Hundreds in Beirut mourn journalists killed in Israeli strike

BBC reports from the funerals of three journalists killed by a targeted attack in southern Lebanon.

Bridge explosion in Lebanon split screen with Hugo Bachega

Why is Israel targeting Lebanon's bridges?

Israeli forces have been instructed to destroy the crossings over the Litani river that were being used by Hezbollah to send reinforcements.

Steve Sweeney, who is wearing a vest marked 'press', is seen ducking out of the way as he stands in front of rubble

Watch: Missile lands next to presenter during live report from Lebanon

In footage from Russian state broadcaster RT, correspondent Steve Sweeney is seen diving off screen as a missile hits.

A building collapses in a pile of dust

At the scene of Israeli strike in the heart of Beirut

At least 10 people were killed and 27 injured, according to Lebanon's state-run National News Agency.

A silhouette of a man pointing his finger is seen in front of a light green background

Watch: Iranians show daily life under air strikes and regime crackdown

Iranians speak about life during the war with constant threat of bombs and regime crackdowns.

How might the UK support shipping in the Strait of Hormuz?

Ben Chu from BBC Verify has been looking at what role the Royal Navy could play in the Strait of Hormuz.

People and vehicles on a road that has turned orange because of a sandstorm

Gazans urged to shelter as sandstorm turns skies orange

Displaced Palestinians were told to secure their tents to prevent them being blown away as a storm swept through the enclave.

BBC correspondent Dan Johnson, wearing navy blue jacket, talking to a man with a blur hiding his face.

'Kill the regime but not people': BBC speaks to Iranians crossing into Turkey

Dan Johnson hears from Iranians at a crossing in north-west Iran about their thoughts on the war and regime.

A screenshot of a BBC TikTok video showing an oil depot on fire alongside various comments questioning if it's AI

How we know the Iran oil depot fire is real

BBC Verify explains how we verified a video of a fire at an oil depot in Iran.

Shipping in Strait of Hormuz - 6 March 2026 graphic

Strait of Hormuz timelapse shows fall in shipping traffic

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.

BBC correspondent Nick Beake sat inside a car driving through Dubai's Port of Jebel Ali

BBC visits key Dubai port in Iran's firing line

Trade at the Middle East's biggest port has been hit hard since Iran's blockade of the Strait of Hormuz began.

Foreign Secretary Yvette Cooper wears a dark blue suit and white shirt

UK does not 'agree with Trump on every issue' - Cooper

Foreign Secretary Yvette Cooper has hit back at President Trump's criticism of the UK response to the conflict in Iran.

A high-rise building engulfed in flames in Kuwait City.

Kuwaiti government high-rise hit by Iranian drone

Footage shows flames tearing through the building in the early hours of Sunday, following more attacks on the gulf state.

Orange flames and plumes of smoke seen rising across Tehran's skyline

Watch: Huge flames in Tehran after air strikes on oil depots

Social media footage shows flames leaping into the air and plumes of smoke above the city's skyline.

Smoke seen above planes at Dubai International Airport

Watch: Moment of drone strike close to Dubai Airport

Video filmed by a witness and verified by the BBC shows a drone crashing close to the airport.

Plumes of smoke at Tehran's busiest airport

Fires rage in Tehran as Mehrabad Airport hit

Explosions rocked the capital overnight as its busiest airport was hit by airstrikes.

A pair of tents next to cars, a young girl wearing pink ice n the foreground

Beirut evacuees 'sleeping in tents and cars'

Some residents in the Beirut suburb of Dahieh have left their homes amid ongoing air strikes by Israel.

Split screen image featuring Nick Marsh, a car being filled with petrol and basket full of vegetables

Watch: How war in Iran may affect food and fuel prices

The BBC's Nick Marsh examines how unrest in the Middle East will impact living costs around the world.

Man in black beanie and black puffer

'This is war': BBC speaks to Iranians at border

Iranians fleeing their country have told the BBC what life under bombardment has been like.

A man stands in front of a building shattered by an airstrike.

Destruction in Beirut after overnight strikes

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.