Oil prices remain elevated following the escalation of the Middle East crisis, with Brent crude trading around $95 per barrel after a two-week ceasefire between the US and Iran.

The Dow Jones posted its biggest single-day gain in the past year after President Trump suspended strikes on Iran for two weeks, pausing the five-week standoff that closed the Strait of Hormuz. The index rose by 1,325 points, or 2.85 percent.

West Texas Intermediate crude futures fell by more than 16 percent, closing at $94.41 per barrel - the largest daily drop since April 2020.

In the EU, diesel prices have risen by 30 percent and gasoline prices by 15 percent since the escalation in February. The average price of diesel across the Union stands at 2.076 euros per liter, while Eurosuper 95 gasoline is at 1.871 euros. Macedonia remains below the European average.

Analysts warn that the concern now is whether the two-week ceasefire deadline will lead to a lasting resolution or a new escalation.