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BAKKEN WIRE
The Morning Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·☀️Morning Wire·

Energy Market Briefing for Bakken Wire Date: Thursday, May 28, 2026

1. Headlines

Oil prices are sharply higher this morning, with WTI up over 3% to $91.46 and Brent at $95.05. According to Rigzone, this surge follows U.S. airstrikes on an Iranian military site near the Strait of Hormuz and the imposition of new sanctions aimed at preventing Tehran from profiting from vessels using the waterway. This military action has abruptly reversed yesterday’s sell-off, which was driven by speculation about a potential U.S.-Iran peace deal.

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