Will the US-Iran ceasefire lower UK petrol and diesel prices?

A recent US-Iran war caused oil prices to surge above $110 a barrel after the Strait of Hormuz closure disrupted 20% of global crude exports, pushing UK petrol towards £2 per litre and diesel up 40p to over 175p. A conditional two-week ceasefire announced by Trump led to a 15-18% oil price drop, with some independent stations cutting petrol by 4p per litre. UK fuel stocks have fallen, and experts warn pump prices may stay high for months due to damaged infrastructure, import reliance, and existing high-cost shipments.