- Fuel prices should stabilize next week.
- A two-week ceasefire between the US and Iran will expire on April 22.
- The drop in oil prices to 95 dollars per barrel is projected gradually.
- The US has declared a naval blockade of Iranian ports, the Strait of Hormuz remains closed.
Fuel prices should stabilize next week. This was stated by Ondrej Greguš, XTB financial markets analyst. “The two-week ceasefire between the US and Iran expires on Wednesday, April 22, 2026, with both sides considering extending it for another two weeks. The drop in oil prices to the limit of USD 95 per barrel (159 liters) will be reflected in prices at gas stations only gradually, over the course of weeks or months.” zoomed in.
According to him, the fate of the ceasefire and the question of reopening the Strait of Hormuz remain key uncertainties. The first round of talks in Islamabad failed to produce an agreement, and a second round is expected in the coming days. “If the extension is successful and we move towards an agreement, we expect a gradual drop in prices, if the negotiations fail, on the contrary, the return of growth pressure,” he underlined.
He reminded that the state of oil emergency in Slovakia still persists. On Wednesday (April 15), the government canceled the limit of 400 euros for refueling with diesel, so motorists can fill up a full tank again. The government has extended the restriction on refueling in canisters and double diesel prices for foreign vehicles by another 30 days.
“The key event of the week was the failure of the first round of peace talks in Islamabad, which ended without an agreement after 21 hours. The US subsequently declared a naval blockade of Iranian ports, so the Strait of Hormuz remains virtually closed to merchant ships. Despite this, Donald Trump has declared that the war is very close to being over and that Iran wants a deal, with both sides considering extending the ceasefire. Energy markets remain sensitive to any diplomatic signal,” the analyst added.
