Fuel: despite the ceasefire in Iran, it is not certain we will find pre

US and Iran agree on ceasefire in the Middle East

• After this announcement, during the night from Tuesday to Wednesday, oil prices plummeted.
• What will be the effects on fuel prices in France? Analysis with energy expert Thierry Bros.

Will gas prices finally drop? For over a month, fuel prices have skyrocketed in France, impacting the purchasing power of many motorists. This is due to the conflict in the Middle East initiated by the United States and Israel on February 28 against Iran. The war continued for five weeks until the ceasefire announcement on the night of Tuesday, April 7 to Wednesday, April 8. A crucial condition set by Donald Trump to solidify this truce was the reopening of the Strait of Hormuz, a vital passage for about 20% of the world’s oil that had been blocked by the Islamic Republic for over a month.

“5 to 10 cents decreases” expected by the oil industry

Consequently, oil prices surged during the conflict, reaching historic highs. The price of Brent crude oil, the international benchmark, repeatedly surpassed $100 and even flirted with $120 in early March. This context naturally had repercussions for motorists, including in France. According to AFP calculations, the price of diesel in France averaged €2.375 per liter on Wednesday, April 8, compared to €1.725 in February. A similar increase was observed in Unleaded 95, which reached an average of €2.021 per liter in France on Wednesday, compared to €1.721 before the start of the Israeli-American intervention.

However, with the prospect of the Strait of Hormuz reopening and calm returning to the Middle East, markets reacted with relief, leading to significant reductions in oil prices. The price of Brent crude oil fell below $100 on Wednesday. Could this signal a relief at the pump for consumers?