Petrol prices trending in the right direction

• Petrol prices are trending in the right direction due to a decline in oil prices, with Brent falling below $79 a barrel and West Texas Intermediate near $75.
• The decline in oil prices is attributed to optimism that a deal can be reached to reopen the Strait of Hormuz, potentially freeing up Persian Gulf supplies, with Qatar, the US, and Iran signalling progress in talks.
• If a short-term deal is reached, it may not necessarily end the war conclusively or resolve US President Donald Trump's concerns about Iran's nuclear program, with some experts expecting a 'bad deal' that leaves many issues unresolved.