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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 Morning Briefing Sunday, June 21, 2026

1. Headlines

Oil prices are trading higher this morning, with WTI at $76.54 and Brent at $80.59. According to Rigzone, the rise is attributed to renewed supply concerns as planned U.S.-Iran negotiations over a permanent peace deal were delayed following intensified clashes in southern Lebanon. While some tanker traffic has resumed through the Strait of Hormuz, Reuters reports that Iraq is committing to a new export route through Syria's Mediterranean port, a contingency plan developed during the Strait's closure, signaling lasting regional anxiety over shipping security.

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