India, July 2 -- Brent Crude Oil Price Today (July 2): Global oil prices extended their losses for a third consecutive trading session on Thursday, July 2, as crude shipments through the Strait of Hormuz increased and diplomatic efforts between the United States and Iran showed signs of progress. The easing concerns over supply disruptions in one of the world's most important oil transit routes weighed on both Brent crude and West Texas Intermediate (WTI) prices.

According to Bloomberg, improving tanker traffic through the Strait of Hormuz and optimism surrounding indirect US-Iran negotiations have reduced fears of a major supply shock, leading to continued weakness in crude oil markets.

Brent Crude Oil Price Today (July 2)

Brent crude...