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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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DAILY BRIEFING: SATURDAY, JUNE 20, 2026

1. HEADLINES

Oil prices are rising in midday trading, with WTI at $76.54 (+0.91%) and Brent at $80.59 (+0.93%), according to market data. The primary driver cited by analysts, including reports from Rigzone, is renewed geopolitical tension. The start of formal US-Iran negotiations aimed at securing a permanent peace deal and reopening the Strait of Hormuz has been delayed following clashes between Israel and Hezbollah in southern Lebanon. This injects uncertainty into the timeline for restoring millions of barrels per day of disrupted oil supply.

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