Oil prices were little changed on Tuesday after the United States and China extended a pause on higher tariffs and data showed a rise in U.S. inflation in July. Brent crude futures lost 36 cents, or 0.

Oil prices rebounded after the U.S. delayed tariffs on China, with markets closely watching upcoming U.S.–Russia talks that could reshape global crude supply risks.

US President Donald Trump has said he may impose additional tariffs not only against India but also against other countries that purchase Russian oil, including China. Source: Ukrinform, citing Trump during a briefing at the White House Quote from Trump: "You're going to see a lot more [countries].