Petrol prices now ‘closer to $2.50 than to $3’ for some

The long-standing Middle East conflict kept petrol prices hovering above $3 per litre, but a recent agreement between the US and Iran has led to a significant drop. Now, some areas are seeing prices closer to $2.50, signaling a potential end to the high fuel costs that have persisted for months. This shift could have broader economic implications, offering relief to consumers and businesses burdened by elevated fuel expenses. The change underscores the direct impact of geopolitical agreements on everyday costs.