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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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DAILY ENERGY BRIEFING Monday, July 13, 2026

1. Headlines

Oil prices surged over 3% in early trading, with WTI topping $73.80 and Brent nearing $78.50, according to OilPrice.com and Rigzone. The immediate catalyst is a significant escalation in U.S.-Iran hostilities over the weekend. Iran launched missile and drone strikes against five Gulf nations—Kuwait, Qatar, Bahrain, Oman, and Jordan—targeting what it claimed were U.S. military assets. A Kuwaiti offshore drilling platform operated by Kuwait Oil Company was confirmed damaged. In response to these attacks and prior Iranian strikes on commercial shipping, the U.S. conducted a new wave of strikes inside Iran.

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