Motoring groups have warned drivers not to expect a significant drop in costs soon.

HONG KONG: Oil prices climbed and most stocks fell on Thursday (Apr 9) on fears over the nascent US-Iran ceasefire after Tehran threatened to resume hostilities as Israel launched a major bombardment of Lebanon.

Oil prices are climbing back toward $100 per barrel, while stock markets worldwide slow following their big gains from the day before Oil Prices Rise to $100 as Stocks Slow on Doubts About the US-Iran Ceasefire.

There was scant sign that the Strait of Hormuz was open in any meaningful way, with Iran flexing its control over the vital oil artery and demanding tolls for safe passage.

Financial markets are moving cautiously a day after surging on optimism about a ceasefire in the war with Iran, and U.S. stocks are rising even though oil prices are too US Stocks Swing and Oil Prices Trim Their Jumps Amid Uncertainty About the US-Iran Ceasefire.

Petrol and diesel prices in the Netherlands are expected to fall slightly in the coming days. Global oil and gas prices dropped by roughly 20 percent after the two-week ceasefire agreement, though further decreases depend on whether the truce holds.“We hope and expect that there will already be a price drop at the pump tomorrow,” Derk Foolen from UnitedConsumers told NU.nl. “The decrease will not immediately be 5 or 10 cents, but a few cents.”

Financial markets are moving cautiously a day after surging on optimism about a ceasefire in the war with Iran, and U.S. stocks are rising even though oil prices are too US Stocks Swing Higher and Oil Prices Trim Their Jumps on Hopes for the Ceasefire with Iran.

New Delhi: Global oil prices fell sharply while stock markets rallied after the United States and Iran agreed to a conditional two-week ceasefire, easing geopolitical tensions. Benchmark Brent crude dropped below $100, falling nearly 15.9 per cent to $92.30 per barrel, while US-traded oil declined about 16.5 per cent to $93.80. The sharp decline in […]