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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 Energy Briefing - Tuesday, June 23, 2026

1. Headlines

Oil prices are down today, with WTI trading at $73.09 (-1.04%) and Brent at $76.97 (-1.19%). The primary driver cited across reports from Rigzone and OilPrice.com is progress in U.S.-Iran peace talks. The U.S. Treasury has issued a 60-day general license authorizing transactions related to Iranian oil, easing sanctions through August 21. Concurrently, shipping data shows a tentative increase in tankers openly broadcasting their positions in the Strait of Hormuz, suggesting a cautious return to normal transit.

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