The US and Iran have made a two-week ceasefire agreement, which includes Iran reopening of the Strait of Hormuz for ships to pass through safely.
Brent crude oil prices dropped by nearly 15% to roughly $95 (£70.68) per barrel after the announcement, a significant decline from highs of nearly $120 a barrel earlier in the war.
But does that mean our fuel prices are suddenly going to be cheaper?
The BBC's Asia business reporter, Nick Marsh, looked into what this means for prices.
Hundreds in Beirut mourn journalists killed in Israeli strike
BBC reports from the funerals of three journalists killed by a targeted attack in southern Lebanon.
Why is Israel targeting Lebanon's bridges?
Israeli forces have been instructed to destroy the crossings over the Litani river that were being used by Hezbollah to send reinforcements.
'A direct hit' - BBC visits Israeli town after Iranian strike
The BBC's Sebastian Usher reports from Dimona in southern Israel, which was hit by an Iranian missile.
Watch: Missile lands next to presenter during live report from Lebanon
In footage from Russian state broadcaster RT, correspondent Steve Sweeney is seen diving off screen as a missile hits.
At the scene of Israeli strike in the heart of Beirut
At least 10 people were killed and 27 injured, according to Lebanon's state-run National News Agency.
Watch: Iranians show daily life under air strikes and regime crackdown
Iranians speak about life during the war with constant threat of bombs and regime crackdowns.
How might the UK support shipping in the Strait of Hormuz?
Ben Chu from BBC Verify has been looking at what role the Royal Navy could play in the Strait of Hormuz.
Gazans urged to shelter as sandstorm turns skies orange
Displaced Palestinians were told to secure their tents to prevent them being blown away as a storm swept through the enclave.
'Kill the regime but not people': BBC speaks to Iranians crossing into Turkey
Dan Johnson hears from Iranians at a crossing in north-west Iran about their thoughts on the war and regime.
How we know the Iran oil depot fire is real
BBC Verify explains how we verified a video of a fire at an oil depot in Iran.
Strait of Hormuz timelapse shows fall in shipping traffic
The footage demonstrates the flow of ships passing through the Strait of Hormuz in the Gulf since the US-Israeli military offensive began against Iran on 27 February.
BBC visits key Dubai port in Iran's firing line
Trade at the Middle East's biggest port has been hit hard since Iran's blockade of the Strait of Hormuz began.
UK does not 'agree with Trump on every issue' - Cooper
Foreign Secretary Yvette Cooper has hit back at President Trump's criticism of the UK response to the conflict in Iran.
Kuwaiti government high-rise hit by Iranian drone
Footage shows flames tearing through the building in the early hours of Sunday, following more attacks on the gulf state.
Watch: Huge flames in Tehran after air strikes on oil depots
Social media footage shows flames leaping into the air and plumes of smoke above the city's skyline.
Watch: Moment of drone strike close to Dubai Airport
Video filmed by a witness and verified by the BBC shows a drone crashing close to the airport.
Fires rage in Tehran as Mehrabad Airport hit
Explosions rocked the capital overnight as its busiest airport was hit by airstrikes.
Beirut evacuees 'sleeping in tents and cars'
Some residents in the Beirut suburb of Dahieh have left their homes amid ongoing air strikes by Israel.
Watch: How war in Iran may affect food and fuel prices
The BBC's Nick Marsh examines how unrest in the Middle East will impact living costs around the world.
'This is war': BBC speaks to Iranians at border
Iranians fleeing their country have told the BBC what life under bombardment has been like.
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