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BAKKEN WIRE
The Morning Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·☀️Morning Wire·

DAILY ENERGY BRIEFING Wednesday, June 3, 2026

1. Headlines

Oil prices are trading higher for a third consecutive session, with WTI up 2.26% to $95.88 and Brent at $98.10. According to Saxo Bank’s Ole Hansen, cited by Rigzone, the move is driven by growing market pessimism over a U.S.-Iran peace deal that could reopen the Strait of Hormuz. This sentiment follows a significant overnight escalation, as reported by OilPrice.com: Iranian drones and missiles struck Kuwait International Airport, killing at least one person and damaging infrastructure. U.S. forces intercepted additional attacks and retaliated against an Iranian command facility on Qeshm Island.

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