The price of oil has dropped below $100 a barrel - a sharp fall over the past few days, driven by expectations that the US and Iran will reach a deal to normalize traffic through Hormuz. Brent fell about 5 percent, below the $100 threshold; WTI dropped to $91-92 a barrel. The lowest levels in the last two weeks.

Who is this news for? Everyone. Especially for the Balkans. The oil price directly drives fuel prices at filling stations across Macedonia, via the formula of the Energy Regulatory Commission. When Brent falls, a few weeks later the liter of petrol at "Makedonija pat" falls with it. When Brent jumps, the same thing happens in reverse.

Still, analysts warn - the unresolved questions are still there. Markets have often reacted optimistically to signals about deals that never turned into actual signatures. And in the US-Iran case, where the balance around the nuclear program has been built and broken for decades, every piece of news can be over-optimistically interpreted.

The question is whether market optimism will turn into a real diplomatic breakthrough. If yes - fuel prices in Macedonia will fall. If not - the 5 percent that came off now can come back in a few days. Energy markets don't have a long memory. And every citizen filling up the tank will feel the effect soon - one way or the other.