Fuel prices drop after US-Iran ceasefire but remain far above pre-war levels

Fuel prices have begun to fall following a 14-day ceasefire agreement between the US and Iran, though analysts warn that significant obstacles remain before prices return to normal levels, reports Danish broadcaster DR.

The announcement of the temporary truce triggered a sharp decline in oil prices, marking a record single-day drop of over 13%. Despite this steep fall, prices remain well above levels seen before the conflict and are still considered far from typical market conditions.

While the ceasefire raises hopes for further stabilisation, experts caution that multiple challenges could delay a sustained reduction in fuel costs.