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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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Bakken Wire Energy Market Briefing Saturday, April 18, 2026

1. Headlines

Oil prices are in extreme volatility following contradictory statements on the status of the Strait of Hormuz. On Friday, markets plunged roughly 9-10% after Iran announced the strait was open and a Pakistan-flagged tanker successfully transited, as reported by Rigzone and OilPrice.com. However, in a sharp reversal today, Iran's Islamic Revolutionary

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