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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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Bakken Wire Energy Market Briefing Monday, June 15, 2026

1. Headlines

Oil prices are in freefall this morning, with WTI plunging 5.36% to $80.33 and Brent dropping 4.87% to $83.08. This sell-off, which began late last week, has pushed crude to four-month lows. The catalyst is a landmark announcement from the U.S. and Iran, reported by Rigzone and OilPrice.com, of an interim agreement to end hostilities and reopen the Strait of Hormuz. The deal is expected to be formalized this Friday, marking a potential end to a three-and-a-half-month closure that has blocked a key artery for global oil and gas flows.

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