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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 Monday, June 15, 2026

1. Headlines

Oil markets are in a sharp selloff today, with both WTI and Brent crude down over 4%. The immediate catalyst, reported by Rigzone and OilPrice.com, is a U.S.-Iran agreement to pause hostilities and begin reopening the critical Strait of Hormuz. According to these reports, President Trump declared the deal late Sunday, sending futures tumbling at the Monday open on expectations of restored oil flows.

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