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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 for Bakken Wire Date: Tuesday, May 26, 2026

1. Headlines

Oil prices are experiencing extreme volatility as conflicting signals emerge from the Persian Gulf. According to OilPrice.com, WTI and Brent crude plunged over 4% on Monday on hopes of a U.S.-Iran deal, only to jump sharply early Tuesday following reports of fresh U.S. strikes on Iranian missile sites and boats. The market is reacting minute-by-minute to headlines from the negotiation process.

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