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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 Midday Energy Briefing Monday, July 13, 2026

1. Headlines

Oil prices are surging in midday trading. As of this briefing, WTI is up over 4.8% to $74.85, with Brent at $79.69. The primary driver cited by financial news, including Rigzone and Saxo Bank, is a fresh round of military strikes between the U.S. and Iran, escalating concerns over the security of tanker traffic through the critical Strait of Hormuz.

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