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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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Bakken Wire Energy Briefing Monday, June 22, 2026 | Midday Update

1. Headlines

Oil prices are down sharply today, with WTI falling over 3% to trade near $73.50 and Brent just above $77.60. The primary driver cited across financial media is the developing diplomatic framework between the U.S. and Iran, which markets are interpreting as a potential path to reopening the Strait of Hormuz and easing global supply constraints. According to Rigzone, Iran stated there was "major progress" after all-night discussions, aiming for a deal within two months.

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