Oil Extends Decline as Barrels Flow Through Strait of Hormuz

AI Summary

Oil prices continued falling for the third consecutive day as increased oil flows moved through the Strait of Hormuz. There were also signs of progress in indirect talks between the United States and Iran, influencing market sentiment.

Oil fell for a third day as flows through the Strait of Hormuz surged and there were signs of progress in indirect talks between the US and Iran.