Oil prices declined on Tuesday as Hurricane Beryl caused less damage to the U.S. Gulf Coast’s oil infrastructure than anticipated, easing supply disruption concerns. Brent futures dropped by 0.6% to $85.26 per barrel, and U.S. West Texas Intermediate (WTI) crude fell by 0.7% to $81.79. Key refineries and ports, including those in Corpus Christi and Houston, reported minimal impact and began resuming operations. Market participants are also closely watching Middle East developments, with hopes that a potential ceasefire in Gaza might alleviate global crude supply worries. Despite the hurricane's initial disruptions, analysts predict limited long-term effects on supply or prices. Additionally, geopolitical factors such as elections in the UK, France, and Iran, as well as U.S. domestic politics, remain influential in the oil market.