Oil prices extend decline on expectations of smoother crude flows via Hormuz (opens original article in a new tab)

Oil prices fell on Wednesday, extending this week's losses and trading near four-month lows as more oil tankers stranded in the Gulf since the start of the Iran war are set to move out of the Strait of Hormuz.

• Oil prices fell on Wednesday
• Prices extended this week's losses
• More oil tankers are expected to move out of the Strait of Hormuz