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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 Tuesday, August 11, 2026

1. Headlines

Oil prices are climbing today, with WTI up 1.62% to $83.46 and Brent up 1.69% to $89.20. The primary driver cited by market reports is the ongoing crisis in the Strait of Hormuz. According to Reuters data cited by OilPrice.com, commercial vessel traffic through the chokepoint sank to just six vessels on Monday, a fraction of the pre-war average. This has raised fresh fears of a major supply disruption.

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