Watch: When will fuel prices go down?

Brent crude oil prices fell by nearly 15% to around $95 per barrel following the agreement’s announcement. This decline came after the US and Iran agreed to a two-week ceasefire, which also included Iran allowing ships to pass safely through the Strait of Hormuz. However, the question remains: does this drop signal a decrease in fuel costs for consumers?

The BBC’s Asia business reporter, Nick Marsh, investigates the implications of this development. Meanwhile, reports from the funerals of three journalists killed in a targeted attack in southern Lebanon highlight the human toll of the conflict. Israeli forces have been ordered to dismantle crossings over the Litani river, which Hezbollah used to send reinforcements across the border.

“Life during the war has been marked by the constant threat of bombs and regime crackdowns,” said one Iranian. This sentiment echoes among those displaced by the fighting, as residents in the enclave were told to secure their tents against storm damage. Dan Johnson shared insights from Iranians at a crossing in north-west Iran, discussing their views on the ongoing conflict and the ruling government.

The Royal Navy’s potential role in securing the Strait of Hormuz is under scrutiny by BBC Verify. A verified video shows flames engulfing a building in the early hours of Sunday, following attacks on the gulf state. Social media footage captures smoke rising above the city’s skyline, while a witness’s recording, confirmed by the BBC, reveals a drone crashing near the airport. Overnight explosions shook the capital as airstrikes targeted its busiest airport.

Trade at the Middle East’s largest port has suffered significantly since Iran imposed a blockade on the Strait of Hormuz. Foreign Secretary Yvette Cooper responded to President Trump’s criticism of the UK’s approach to the conflict. Some residents in Beirut’s Dahieh suburb fled their homes as Israeli air strikes continued. The Israeli military stated it launched “a wave of strikes” shortly after ordering civilians in southern Lebanon to evacuate their homes.

BBC Verify also confirmed a video of a fire at an Iranian oil depot. The footage demonstrates the flow of maritime traffic through the Strait of Hormuz since the US-Israeli offensive began on 27 February. Despite the ceasefire, the global impact of Middle East unrest on living costs remains a focus of analysis by the BBC’s Nick Marsh.