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BAKKEN WIRE
The Morning Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·☀️Morning Wire·
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Energy Market Briefing Monday, April 13, 2026

1. Headlines

Oil prices are surging this morning following a major geopolitical escalation. WTI crude is up 7.78% to $104.08, and Brent is up 7.48% to $102.32, according to market data. The spike is a direct reaction to an announcement from former President Donald Trump, who stated the U.S. will begin a "full naval blockade" of the Strait of Hormuz effective today after weekend peace talks with Iran in Pakistan collapsed. U.S. Central Command confirmed the military action in a statement cited by Rigzone. Trump vowed on Truth Social to interdict any vessel that paid Iran a toll and threatened to retaliate against Iranian resistance.

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