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BAKKEN WIRE
The Afternoon Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·🌅Afternoon Wire·
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DAILY ENERGY BRIEFING April 13, 2026

1. Headlines

Oil prices surged on Monday, with Brent crude jumping nearly 6% to trade above $101 per barrel and WTI surpassing $102. The primary catalyst is a significant escalation in U.S. action against Iran. As reported by Rigzone and OilPrice.com, President Trump has vowed a naval blockade targeting vessels entering or exiting Iranian ports following the collapse of ceasefire talks. In response, Iran has threatened to target all ports in and around the Persian Gulf if its own hubs are threatened. This direct confrontation over the Strait of Hormuz, a chokepoint for roughly a fifth of global oil trade, has reignited supply fears.

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