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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 Monday, August 31, 2026

1. Headlines

Oil prices surged today, with WTI crude gaining $2.90 to settle at $86.30 and Brent rising $2.37 to $88.49. According to Rigzone, the immediate bullish force is renewed geopolitical risk, specifically the first direct U.S.-Iran strikes in a month. American forces hit Iranian rocket launchers positioned near the Strait of Hormuz, and Iran responded by firing missiles toward Jordan. Market analyst Naeem Aslam cited "supply-security uncertainty" as the key driver.

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