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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 Thursday, June 25, 2026

1. Headlines

Oil prices are testing new postwar lows this morning, with WTI dipping below $70 and Brent near $73. According to Rigzone and OilPrice.com, the decline is being driven by market optimism that the Strait of Hormuz is reopening for business. Reports cite improving tanker traffic, a new Qatar-Taiwan crude deal, and advancing U.S.-Iran peace talks as key reasons for the sell-off.

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