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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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Bakken Wire Energy Briefing Afternoon of Tuesday, June 16,2326

1. Headlines

Oil prices are sharply lower today, continuing a sell-off triggered by geopolitical developments over the weekend. According to Rigzone, WTI crude fell over 4.4% to settle at $75.92, with Brent at $79.49, following news of a U.S.-Iran interim deal aimed at reopening the Strait of Hormuz. The market is reacting to the potential for a significant return of Iranian oil exports and restored shipping security through the critical waterway.

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