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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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Morning Energy Market Briefing Monday, June 29, 2026

1. Headlines

Oil prices are trading higher this morning, with WTI at $69.83 (+0.87%) and Brent at $73.02 (+0.58%). The primary driver cited across financial media is a renewed flare-up between the U.S. and Iran over the weekend, involving attacks on commercial vessels in the Strait of Hormuz and retaliatory U.S. strikes. Sources like OilPrice.com and Rigzone report that tanker traffic through the critical chokepoint has measurably slowed as shipowners assess the risk.

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