A report of a extended ceasefire, subject to Donald Trump's approval, has led to global oil prices to fall on Thursday.
Trump said on Saturday that an agreement would include the reopening of the Strait of Hormuz, without giving further details.
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Millers Oils, a Brighouse-based oil blending and lubricants company, has been trading since 1877.
Tracking data shows several flights by US Navy reconnaissance jets and drones during the last week.
The change reflects increasing supply concerns over certain fuels due to the effective blockade of the Strait of Hormuz.
Motoring group RAC warns pump prices could keep rising if there is no resolution to the Iran war.
Energy markets have been on a wild ride as the key Strait of Hormuz waterway remains effectively closed.
Modi has urged Indians to save dollars as war and oil shocks strain the rupee and economy further this year.
