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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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Date: Thursday, April 23, 2026

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Oil prices are moving higher this morning, with WTI at $93.55 and Brent at $97.08, as the standoff over the Strait of Hormuz intensifies. According to multiple reports from Rigzone, Iranian forces fired on commercial ships and seized at least two vessels in the strait on Wednesday, causing maritime traffic to grind to a halt. This marks the first such seizures in nearly eight weeks of conflict and has rapidly eroded market optimism for a near-term reopening. Analysts note the geopolitical risk premium is firmly back in prices, with Brent having breached $101 in yesterday's trading.

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