Heating oil at cheapest since Iran crisis began (opens original article in a new tab)

Heating oil prices in Northern Ireland have reached their lowest level since the Iran crisis began, with global oil prices dropping due to a potential US-Iran deal. Petrol and diesel prices have also decreased from their recent peaks.

• Heating oil prices in Northern Ireland dropped below £400 for 500 litres, the lowest since the Iran crisis began in February.
• Global oil prices fell due to anticipation of a US-Iran deal, with Brent crude at just above $80 a barrel compared to $120 during the crisis peak.
• Petrol and diesel prices also decreased from their peaks, with unleaded at 151p and diesel at 169p per litre.