Fuel price cut imminent as oil falls

Oil prices slide as US-Iran ceasefire talks progress

Brent crude dropped to $93/barrel after reports of a US-Iran 60-day ceasefire framework that would guarantee Strait of Hormuz shipping, lift the US naval blockade, and allow Iran to sell oil freely. For energy-exposed supply chains and CFOs managing fuel cost forecasts, a sustained decline below $90 would materially reduce logistics and manufacturing input costs — watch whether Trump signs off and Iran formally confirms.