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BAKKEN WIRE
The Midday Take - the U.S. announcement of what it calls the "toughest sanctions in history" against Iran. According to reporting from OilPrice.com, the market reaction has been muted, with prices holding near the $90 level for Brent as uncertainty over transit through the Strait of Hormuz persists.
Global Markets

the U.S. announcement of what it calls the "toughest sanctions in history" against Iran. According to reporting from OilPrice.com, the market reaction has been muted, with prices holding near the $90 level for Brent as uncertainty over transit through the Strait of Hormuz persists.

Bakken Wire Staff·🔆Midday Wire·
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DAILY ENERGY BRIEFING Friday, August 28, 2026

1. Headlines

Oil prices are edging lower midday Friday, with WTI trading at $83.03 (-0.6%) and Brent at $87.99 (-0.6%). The moves come despite a significant geopolitical headline: the U.S. announcement of what it calls the "toughest sanctions in history" against Iran. According to reporting from OilPrice.com, the market reaction has been muted, with prices holding near the $90 level for Brent as uncertainty over transit through the Strait of Hormuz persists.

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