Oil prices saw a modest recovery on Tuesday after a significant decline. Benchmark Brent crude climbed to $84.26 and WTI crude reached $80.75. This rebound followed a sharp slide after US President Donald Trump paused military action against Iran. Shipping patterns are changing, and concerns about energy supply risks persist. Oil prices remain below their earlier peak of $126 per barrel.
Install BITZ Club App
Quick access to membership, bookings & offers
Indian Destinations
Oil rebounds from three-week low as Hormuz tensions keep supply fears alive
Oil prices saw a modest recovery on Tuesday after a significant decline. Benchmark Brent crude climbed to $84.26 and WTI crude reached $80.75. This rebound followed a sharp slide after US President Donald Trump paused military action agains
4 August 2026domestic1 views
Tags:#travel#auto
More from Indian Destinations
Indian Destinations
Indian refiners maximise: Fuel exports hit 1-yr high as robust margins, Russia diesel export ban help
According to shipping data from analytics firm Kpler, India exported 1.53 million barrels per day (bpd) of refined fuels during July. This is about 27% higher than the average monthly volume over the previous 12 months.
Indian Destinations
Friendship with benefits: Why Trump is helping Japan rescue the yen
The United States and Japan have jointly intervened to support the Japanese yen's value. This unprecedented action aims to stabilize the currency after its significant decline. Washington's involvement signals broader economic and financial
Indian Destinations
Gold price prediction today: Will gold prices stay range-bound in the current scenario? Check August 4, 2026 outlook
Gold price prediction today: Gold prices will continue to be influenced by US-Iran talks and macroeconomic data in America which would likely provide direction to the Federal Reserve on its rate decisions, says Praveen Singh, Head Currencie