Business · Energy & Commodities · 3 hrs ago
Oil and fuel prices fall in Germany on hopes of US-Iran deal
Oil prices fell as investors bet on a diplomatic end to the US-Iran war.
The drop also brought some relief at German petrol stations, where E10 averaged just under €2 per litre on Sunday, according to the ADAC.
Diesel prices fell too, though they remained higher than petrol prices.
The decline followed signs that talks between Washington and Tehran might continue, after US President Donald Trump called new attacks on Iran very unlikely while negotiations were under way.
No US-Iran agreement has been reached, and US Secretary of State Marco Rubio said there had been little progress in the talks.
Analysts warned that the risk of renewed military escalation remains.
Fuel prices could keep fluctuating, and the next direction will depend partly on oil prices and how the negotiations develop.
Oil and fuel prices in Germany fell as hopes grew for a diplomatic solution to the US-Iran war.
Brent crude fell to $96.76 a barrel on Monday, down more than 1% from Friday.
The average Sunday price of E10 petrol was €1.996 per litre, according to ADAC.
On Monday morning, E10 averaged €1.94 per litre and diesel €2.20, according to ARD data.
No US-Iran agreement had been signed, and analysts warned that the risk of renewed escalation remained.
- Who
- Drivers in Germany and oil-market investors. The US and Iran are involved in talks to end the war.
- What
- Oil and fuel prices fell amid hopes for a diplomatic solution to the US-Iran war.
- When
- Monday, 9 November 2026; German fuel prices were also reported for Sunday.
- Where
- Germany, and global oil markets.
- Why
- Investors hoped the US-Iran conflict could de-escalate after Donald Trump called new attacks on Iran very unlikely while talks were progressing.
Investors betting on de-escalation
Analysts warning of continued geopolitical risks
Market outlook
Investors betting on de-escalation
Investors appeared to price in a de-escalation and a possible diplomatic breakthrough.
Analysts warning of continued geopolitical risks
Underlying geopolitical risks remained high, and renewed military escalation could not be ruled out.
State of negotiations
Investors betting on de-escalation
Hopes for a solution contributed to lower oil prices.
Analysts warning of continued geopolitical risks
No comprehensive US-Iran agreement had been reached, and Marco Rubio said negotiations had made little progress.
Brent crude fell by 16%, according to Tagesschau.
E10 averaged €1.996 per litre across Germany, according to ADAC.
Brent crude traded at $96.76 a barrel and German fuel prices were lower than a week earlier.
- Brent crude
- $96.76 a barrel on Monday
- E10 petrol
- €1.996 per litre on Sunday, according to ADAC
- Monday morning E10
- €1.94 per litre, according to ARD data
- Monday morning diesel
- €2.20 per litre, according to ARD data
- German filling stations
- Around 15,000 included in the SWR price analysis
2 sources
What people are saying
Despite the recent optimism about a possible diplomatic breakthrough, the underlying geopolitical risks remain high, and the possibility of renewed military escalation cannot be ruled out
unacceptable and unrealistic