Overview

• President Trump announced a ceasefire early Tuesday, which both Israel and Iran confirmed, halting tit-for-tat military strikes after US bombing of Iranian nuclear facilities.
• Brent crude benchmarks plunged by about 12 percent to roughly $67 per barrel following the truce, marking the biggest one-day drop in years.
• Global equity markets rallied on eased geopolitical tensions, with Germany’s DAX topping 23,700 points and US indexes—all three major averages—gaining more than 1 percent.
• Consumer fuel prices in Germany averaged €1.712 per liter for Super E10 and €1.643 for diesel this week, remaining elevated despite lower crude costs.
• Analysts warn the ceasefire remains fragile and that any renewed threats—particularly to the Strait of Hormuz—could trigger fresh spikes in oil and pump prices.