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Oil prices plunge as tensions between the US and Iran ease
Markets see a window for renewed talks after a second consecutive night without new US strikes on Iran or Iranian retaliation
The plan for cheaper petrol and diesel this summer: curbing fuel price hikes with a discount at the pump
Athens is preparing a temporary discount on petrol and diesel as renewed U.S.-Iran tensions push Brent above $76 a barrel, with Greece's two refineries funding the scheme, expected to run until the end of August
Oil prices surge following new U.S. strikes against Iran, with Brent crude exceeding $76
The latest exchange of strikes threatens to undermine the fragile ceasefire, while prices are also being supported by the U.S. Treasury's decision to revoke the waiver that had allowed Iran to sell oil
Oil: Brent stabilizes at $95 due to uncertainty in the Middle East
U.S. crude remains near $93 a barrel as markets assess conflicting signals from diplomatic activity in the Middle East and developments surrounding the Strait of Hormuz
Oil and gold surge after US strikes on Iran, brent above $100
The spot price of gold stood near $4,720 per ounce, recording a weekly increase of 2.3%
Analysis: Even if peace comes to the Middle East now, it will still take a long time for fuel prices to fall
Even if a U.S.–Iran agreement is reached and the Strait of Hormuz reopens immediately, fuel prices are unlikely to return quickly to their early-2026 levels. Markets will need months to be “convinced” that the danger has truly passed. This is the well-known “rockets and feathers” phenomenon
