New Delhi, July 1 -- Petrol and diesel prices today: Fuel prices in India stood stead on Wednesday, 1 July, despite fluctuation in brent crude price amid strained US-Iran interim ceasefire. After Tehran refused to meet US envoys, Brent futures jumped 50 cents or 0.69% and settled at $73.45 a barrel.

As the warring countries continue discussions to reach a more lasting accord, Crude prices plummeted in recent days. However, recent attacks around the Strait of Hormuz, the critical waterway through which 20% of the world's oil and gas flows, have marred negotiations. Since the recent escalation in hostilities over the weekend, oil tanker traffic through the Strait is now showing signs of recovery, Reuters reported.

US President Donald Trum...