Notifications can be managed in browser preferences.Jump to contentIndependentSwipe for next articleIndependent Bulletin homepageDownload our appAllNewsSportCultureLifestyleSimon EnglishFriday 10 April 2026 01:08 BSTOil surges after Iran strikes – what next for petrol prices and money?Motorists could see petrol and diesel prices fall in approximately two weeks if the Iran ceasefire remains in effect, according to motoring groups.An average tank of petrol is currently £13.86 more expensive than before the conflict, with diesel costing £26.80 more.Despite an initial drop, oil prices rose again on Thursday due to concerns over the ceasefire's fragility, following fresh attacks on Lebanon.Brent Crude, the global benchmark, increased by 4.6 per cent to $99.11 a barrel, with U.S. Vice President JD Vance calling the truce "fragile".Experts warn that even if peace holds, the oil market will take significantly longer to recover, particularly concerning the reopening of the Strait of Hormuz.In fullPetrol and diesel prices to fall in two weeks if Iran ceasefire holds, AA saysThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in