{"id":8737,"date":"2026-08-05T02:40:50","date_gmt":"2026-08-05T02:40:50","guid":{"rendered":"https:\/\/koshalsambada.in\/?p=8737"},"modified":"2026-08-05T02:40:50","modified_gmt":"2026-08-05T02:40:50","slug":"oil-price-today-crude-steadies-below-80-as-hormuz-blockade-keeps-investors-on-edge","status":"publish","type":"post","link":"https:\/\/koshalsambada.in\/?p=8737","title":{"rendered":"Oil price today: Crude steadies below $80 as Hormuz blockade keeps investors on edge"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-132884487,imgsize-133080,width-400,height-225,resizemode-4\/132884487.jpg\" alt=\"Oil price today: Crude steadies below $80 as Hormuz blockade keeps investors on edge\" title=\"After two sessions of registering a fall, oil prices inched higher on Wednesday, as the crucial Strait of Hormuz continues to see disruption.\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<div class=\"Ta7d_ img_cptn\"><span title=\"After two sessions of registering a fall, oil prices inched higher on Wednesday, as the crucial Strait of Hormuz continues to see disruption.\">After two sessions of registering a fall, oil prices inched higher on Wednesday, as the crucial Strait of Hormuz continues to see disruption.<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>Oil prices rose slightly on Wednesday after two days of steep losses, with markets closely watching efforts to end the US-Iran war and restore shipping through the Strait of Hormuz.<span class=\"id-r-component br\" data-pos=\"2\"\/>Brent crude futures rose 31 cents, or 0.39%, to $79.67 a barrel, while US West Texas Intermediate (WTI) crude gained 11 cents, or 0.15%, to $75.88 a barrel.<span class=\"id-r-component br\" data-pos=\"4\"\/>The modest recovery comes after steep losses seen earlier in the week. Earlier on Tuesday, Qatar said that mediators were making progress in efforts to end the conflict. The comments pushed oil prices lower, although Tehran denied US President Donald Trump&#8217;s claim that talks were already under way.<span class=\"id-r-component br\" data-pos=\"8\"\/>Brent settled below $80 a barrel on Tuesday for the first time since July 13.<span class=\"id-r-component br\" data-pos=\"10\"\/>\u201cThe main sticking point appears to be whether Iran will continue to insist on a degree of control over the waterway, and whether the US will stand its ground and refuse that outcome,\u201d analysts from IG said in a note cited by Reuters.<span class=\"id-r-component br\" data-pos=\"12\"\/>Brent had closed more than 5% lower on Tuesday, extending the sharp declines recorded on Monday amid hopes that an agreement could be reached soon. Before the war began, around 20% of the world&#8217;s oil and liquefied natural gas passed through the Strait of Hormuz. In March alone, oil prices had risen 50%.<span class=\"id-r-component br\" data-pos=\"16\"\/>Qatar&#8217;s Emiri office said US President Donald Trump and Qatar&#8217;s Emir Sheikh Tamim bin Hamad Al Thani discussed efforts to narrow differences between Washington and Tehran and improve the prospects for a lasting settlement during a phone call on Tuesday.<span class=\"id-r-component br\" data-pos=\"18\"\/>Trump said on Monday that talks with Tehran had begun and described the situation as Iran&#8217;s &#8220;last chance&#8221; to reach a deal. <!-- -->Iranian officials, however, maintained that no negotiations with the United States were taking place.<span class=\"id-r-component br\" data-pos=\"22\"\/>Market participants were also awaiting official US inventory data later on Wednesday.<span class=\"id-r-component br\" data-pos=\"24\"\/>According to market sources citing figures from the American Petroleum Institute, US crude and gasoline inventories increased last week, while distillate stocks declined.<span class=\"id-r-component br\" data-pos=\"27\"\/>Crude inventories rose by about 2.7 million barrels in the week ended July 31, the sources said, speaking on condition of anonymity.<span class=\"id-r-component br\" data-pos=\"30\"\/>Official inventory data from the US Energy Information Administration (EIA), the statistical arm of the US Department of Energy, is scheduled to be released at 10:30 am ET (1430 GMT) on Wednesday.<span class=\"id-r-component br\" data-pos=\"32\"\/>Meanwhile, even as global crude benchmarks have continued to inch higher, the spike is far lower than the $126 per barrel levels seen earlier during the conflict.<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/international-business\/oil-price-today-crude-steadies-below-80-as-hormuz-blockade-keeps-investors-on-edge\/articleshow\/132884487.cms\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After two sessions of registering a fall, oil prices inched higher on Wednesday, as the crucial Strait of Hormuz continues to see disruption. Oil prices rose slightly on Wednesday after two days of steep losses, with markets closely watching efforts to end the US-Iran war and restore shipping through the Strait of Hormuz.Brent crude futures [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8738,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-8737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-31"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/132884487.jpg","medium":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/132884487.jpg","medium_large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/132884487.jpg","large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/132884487.jpg","1536x1536":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/132884487.jpg","2048x2048":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/132884487.jpg","blogsy-small":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/132884487.jpg","blogsy-small-tall":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/132884487.jpg","blogsy-small-square":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/132884487.jpg","blogsy-small-masonry":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/132884487.jpg","blogsy-medium":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/132884487.jpg","blogsy-medium-masonry":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/132884487.jpg","blogsy-large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/132884487.jpg","blogsy-wide":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/132884487.jpg"},"magazineBlocksPostAuthor":{"name":"admin","avatar":"https:\/\/secure.gravatar.com\/avatar\/8709732a479614e7a8aa24d3eb1b239f30dc6d90c61464ed495001e7a469d856?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"After two sessions of registering a fall, oil prices inched higher on Wednesday, as the crucial Strait of Hormuz continues to see disruption. Oil prices rose slightly on Wednesday after two days of steep losses, with markets closely watching efforts to end the US-Iran war and restore shipping through the Strait of Hormuz.Brent crude futures [&hellip;]","magazineBlocksPostCategories":["\u0b26\u0b47\u0b36 \u0b2c\u0b3f\u0b26\u0b47\u0b36"],"magazineBlocksPostViewCount":1,"magazineBlocksPostReadTime":3,"magazine_blocks_featured_image_url":{"full":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/132884487.jpg",400,225,false],"medium":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/132884487.jpg",300,169,false],"thumbnail":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/132884487.jpg",150,84,false]},"magazine_blocks_author":{"display_name":"admin","author_link":"https:\/\/koshalsambada.in\/author\/admin"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/8709732a479614e7a8aa24d3eb1b239f30dc6d90c61464ed495001e7a469d856?s=96&d=mm&r=g","magazine_blocks_category":"<a href=\"#\" class=\"category-link category-link-31\">\u0b26\u0b47\u0b36 \u0b2c\u0b3f\u0b26\u0b47\u0b36<\/a>","_links":{"self":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts\/8737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8737"}],"version-history":[{"count":0,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts\/8737\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/media\/8738"}],"wp:attachment":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}