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BAKKEN WIRE
The Midday Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·🔆Midday Wire·
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Energy Market Briefing for Saturday, June 13, 2026

1. Headlines

Oil prices are under significant pressure today, with WTI crude down 3.23% to $84.88 and Brent crude down 3.37% to $87.33, according to midday trading data. The primary driver cited across financial wires, including Rigzone, is growing market optimism for a diplomatic breakthrough between the U.S. and Iran that could lead to the reopening of the Strait of Hormuz. Reports indicate President Trump has pulled back threatened military strikes, signaling a potential interim peace deal.

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