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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 Tuesday, April 21, 2026

1. Headlines

Oil markets are holding their breath as the U.S.-Iran ceasefire deadline approaches. President Trump stated in an interview with Bloomberg News that it is "highly unlikely" he will extend the truce, which expires Wednesday evening Washington time, without a deal. He confirmed the U.S. naval blockade at the Strait of Hormuz will remain in place until an agreement is signed. Despite this, prices showed almost no movement in early trading, with WTI at $87.43 and Brent at $90.57.

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