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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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DAILY BRIEFING: Tuesday, April 28, 2026

1. Headlines

Oil prices are surging sharply this morning, with WTI up 5.6% to $101.79 and Brent topping $105.79. According to multiple reports from Rigzone and OilPrice.com, the immediate catalyst is a diplomatic stalemate between the U.S. and Iran, which has left the Strait of Hormuz effectively closed. Analysts at ING and Goldman Sachs are raising their price forecasts, citing the prolonged disruption. The UN Secretary-General made a public appeal for the strait to be reopened, calling it an "economic and humanitarian imperative."

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