OIL EXTENDED ITS DECLINE, WITH BRENT AROUND $103.50 A BARREL AND WTI NEAR $99.79, AS MARKETS MONITORED SIGNS OF IMPROVING ENERGY FLOWS THROUGH THE STRAIT OF HORMUZ, WITH RECENT EFFORTS TO RESTORE SAUDI EXPORT CAPACITY AND INCREASED TANKER MOVEMENTS EASING SOME SUPPLY CONCERNS EVEN AS THE BROADER IRAN CONFLICT KEEPS OIL MARKETS VOLATILE.