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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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Energy Market Briefing for Bakken Wire Thursday, June 18, 2026

1. Headlines

Oil prices are under pressure today, with WTI down 0.79% to $75.41 and Brent off 0.33% to $79.29. According to multiple reports from Rigzone, the market is digesting the immediate implementation of a U.S.-Iran interim peace deal, which has officially reopened the Strait of Hormuz. This is triggering a surge in tanker traffic as stranded oil begins to move and Iranian vessels return to port, raising expectations for a near-term boost in global supply. Natural gas bucked the trend, rising 2.2% to $3.21.

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