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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 Saturday, June 13, खरा

1. HEADLINES

Oil markets are in retreat today, with WTI settling at $84.88 (-3.23%) and Brent at $87.33 (-3.37%), according to closing price data. The primary catalyst cited across financial media, including Rigzone and OilPrice.com, is a dramatic shift in U.S.-Iran tensions. President Trump announced progress toward a peace agreement, canceled threatened military strikes, and indicated a potential reopening of the Strait of Hormuz. Traders are pricing in a rapid de-escalation that would restore the flow of roughly 20% of global seaborne oil trade.

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