Iran ceasefire: What it means for energy bills, fuel, mortgages and holidaysA two-week ceasefire agreed by Donald Trump and Iran has already seen oil prices slump and stock markets surge - but what could be the benefits for UK households if it holds? ‌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. Nigel Green, chief executive of financial advisory deVere Group, predicted fuel prices could fall in the coming days. As it is a sustained lower oil price - over several weeks, not just a few days - that is required to bring wholesale fuel costs down meaningfully. "Carriers have had to deal with a more than doubling of fuel costs since the conflict erupted and the threat of shortages lingers.

Source: Daily Mirror April 08, 2026 09:25 UTC