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When will the price of fuel go down? Oil prices tumble after ceasefire

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The price of Brent crude dropped by more than 14% after the deal to reopen the Strait of Hormuz eased fears over disrupted global supplies.

However, while wholesale costs react almost instantly to geopolitical developments, petrol and diesel prices typically take longer to adjust.

Why prices do not fall straight away

Fuel prices in the UK are influenced by several factors beyond crude oil, including refining costs, distribution, retailer pricing strategies and currency movements.

Retailers also tend to pass on price increases more quickly than decreases – meaning drivers often feel rises within days, but must wait longer for cuts.

How long could it take?

Industry analysts say it can take between one and four weeks for lower oil prices to feed through to forecourts.

That delay reflects the time it takes for existing, more expensive fuel stock to be sold before cheaper wholesale purchases are reflected in pump prices.

If oil prices remain lower over the coming weeks, gradual reductions in petrol and diesel costs are expected – rather than a sudden drop.

Why prices may not fall much

Despite the recent decline, oil prices remain significantly higher than before the conflict began, when Brent crude was closer to 70 dollars a barrel.

This means any reductions in fuel prices may be limited unless oil continues to fall or stabilises at lower levels.

The strength of the pound against the dollar – the currency oil is traded in – will also play a role in how much UK motorists benefit.


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What to watch next

The key factor will be whether the ceasefire holds and supply routes remain open.

Any renewed disruption around the Strait of Hormuz could quickly push oil prices higher again, reversing recent falls.

For now, the drop in oil offers the potential for cheaper fuel – but for drivers, the impact is likely to be gradual and uncertain rather than immediate.





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Oxford News

56 week closure of Oxford footpath delayed for two weeks

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Preparation works for the new Oxpens River Bridge are set to begin imminently in Grandpont Nature Park, and a key footpath connecting North Hinksey to the city centre could close for more than a year to enable them to happen.

Originally scheduled to shut on Monday, August 3, the closure of the well-used path through Grandpont Nature Park has now been pushed back to Monday, August 17, according to signage displayed on the route.

Grandpont path footpath closureThe footpath through Grandpont will close for up to 56 weeks (Image: Newsquest)

On the other side of the river, the footpath through Oxpens Meadow was due to shut from Wednesday, July 29.

READ MORE: Oxford neighbourhood ‘cut off’ by 56-week footpath closure

Though an approved temporary traffic regulation order allows for a closure of up to 56 weeks, Oxford City Council said the paths are expected to reopen in Spring 2027.

Path closure mapA map of the path closures through Granpont Nature Park and Oxpens Meadow (Image: Oxford City Council)

The city council earlier said that while it recognises the paths are used as a diversion during the long-running Botley Road closure, waiting until it reopened would delay the delivery of the bridge project.

The Oxpens River Bridge is a controversial scheme to redevelop the Oxford West End, providing a new crossing for walkers and cyclists between Oxpens Road and Grandpont, which received significant opposition from locals.

The bridge’s construction is expected to be completed at the same time as the footpaths reopen in spring next year.





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Ex-TVP staff member had indecent images of children, court hears

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Fred Hart, aged 33, a staff member at Headquarters North, Kidlington, has been sentenced to six months imprisonment, suspended for 18 months, following a hearing at Swindon Magistrates’ Court today (August 8).

It follows his conviction at an earlier hearing in which he pleaded guilty to three counts of making indecent images/pseudo images of children.

READ MORE: Wallingford – Police say drug dealing will ‘not be tolerated’

He was also made the subject of a sexual harm prevention order for five years, and placed on the registered sex offenders list for seven years. Additionally, he was made the subject of a 35-day rehabilitation order.

Hart was suspended immediately from his duties, which were non-public facing, when the investigation was launched in October 2024.

According to the court record Hart, of Cirencester, made two category A, eight category B and 32 category C indecent images of children.

Deputy Chief Constable for Thames Valley Police, Ben Snuggs, said: “I trust that the decisive action taken by Thames Valley Police to investigate and prosecute Hart’s actions underline to all our commitment to maintaining the high standards we all expect in policing.

“The offences he has been convicted of and sentenced for are extremely serious and have absolutely no place within our police force.

“I am grateful to the officers who diligently and professionally investigated his crimes, which led to him pleading guilty.”





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Richard Hammond to face questions after speeding offences

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The 56-year-old TV presenter was recently fined £999 by a court after he was caught speeding twice in the space of three weeks while driving his luxury cars.

Documents from his court case show the former Top Gear host was caught out by a police officer with a handheld speed camera at just before 1pm on December 2 last year.

His Porsche Taycan Cross Turismo was clocked at 68mph in a 50mph limit on the A40 in Pencraig, Herefordshire.

At around 11.45am on December 22, Hammond’s Bentley Continental GT was speeding at 82mph in a 70mph limit on the A50 Rudhall Overbridge in Herefordshire.

READ MORE: Jeremy Clarkson is supported by Lisa during difficult time

Mr Hammond was prosecuted and convicted for the speeding offences on July 22 in the Single Justice Procedure – a fast-track court process which allows magistrates to sit behind closed doors to deal with low level criminal cases.

Now, though, the floor is his as his online motoring community Drivetribe is hosting a Q&A with the ex Grand Tour host.

Viewers are being asked to provide questions to Mr Hammond relating to six Grand Tour specials.

It includes Lochdown (Series 4, Episode 3), Carnage a Trois (Series 4, Episode 4), A Scandi Flick (Series 5, Episode 1), Eurocrash (Series 5, Episode 2), Sand Job (Series 5, Episode 3), One for the Road (Series 6, Episode 1).

Mr Hammond famously presented the motoring show alongside Oxfordshire farmer Jeremy Clarkson and James May.

The trio started together on BBC Top Gear in 2003, which grew to be one of the most watched TV shows in the world.





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