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Explained in plain English

Why are petrol prices falling?

The price of crude oil, which is used to make petrol, has dropped because of talks between the US and Iran. If a deal is struck, more oil could flow into the market, increasing supply and potentially lowering costs at the pump. This is good news for your wallet as you fill up your car.

Stories that explain this

Oil prices fall 1% as the US and Iran explore a truce

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