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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 Market Briefing Thursday, April 23, 2026

1. Headlines

Oil prices surged sharply today. WTI crude settled at $97.12, up $4.16 (4.48%), and Brent rose $4.60 to $106.51, according to price data. The immediate catalyst, as reported by Rigzone, is a significant escalation in the Iran conflict, with Iran firing on and seizing commercial vessels, causing traffic through the critical Strait of Hormuz to grind to a halt. An analyst from SEB warned that market optimism for a reopening is "sliding fast."

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