Overview
- Brent crude fell to about $72 per barrel, a return to levels seen before the Iran war, after prices declined steadily since mid‑June when Donald Trump signaled an agreement that could reopen flows.
- French government data show the most‑sold gasoline (SP95‑E10) and diesel slipped just under €1.90 per litre on Saturday, the first time since the conflict began, based on averages from roughly 7,600 stations.
- Retail fuel remains roughly 10% above pre‑war levels because refiners and distributors pass on crude price falls slowly and still sell stocks bought at higher prices.
- Physical bottlenecks are prolonging the lag: some maritime routes and refinery units remain partly disrupted after damage in the Gulf, which delays delivery and price adjustments to stations.
- Price gains are conditional and fragile because a recent US strike on Iran and Tehran’s accusation of a protocol breach show that renewed military incidents could quickly push crude and pump prices back up.