Heating oil prices.
Simply compared.Heating oil prices.
Simply compared.

President Trump said on Sunday he was highly unlikely to order new attacks on Iran while talks are moving forward, and crude oil fell again on Monday, to around $95 a barrel. Qatar's prime minister was due at the White House on Monday, reportedly to ask for more time for diplomacy. The two sides are still far apart. Iran wants America to end its blockade of Iranian ports, lift some sanctions and stop bombing, in return for ending its own blockade of the Strait of Hormuz, the sea lane that carries about a fifth of the world's oil. America's Secretary of State, Marco Rubio, called those conditions 'outrageous and ridiculous and really not realistic'. Iranian state media reported an American attack on Qeshm, an island in the strait, overnight, which America has not confirmed. In Russia, a reported Ukrainian drone strike set the Kirishi refinery on fire on Monday, which matters here because UK heating oil follows diesel and jet fuel, made in the same part of the refinery.

Your next fill. At Fueltool's UK average today, a 1,000-litre fill costs about £1,100 including VAT. That is about the same as at Saturday's brief and roughly £60 less than a week ago, and Monday's fall in crude has yet to show in UK prices.

What to watch. What comes out of Qatar's meeting at the White House, and whether Iran and America agree to restart talks. Whether ships keep getting through the Strait of Hormuz. And the suspension of the 4% tariff on imported heating oil, which starts on 26 November.