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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 Tuesday, July 21, 2026

1. Headlines

Oil prices are pushing higher today, with Brent topping $90 per barrel. The immediate catalyst is a reported attack on a Kuwait-owned oil products tanker, the Kaifan, in the Strait of Hormuz. According to security consultancy EOS Risk Group and the UK Maritime Trade Operations (UKMTO), the vessel was struck by an unknown projectile, and the crew abandoned ship. This incident, reported by OilPrice.com and Rigzone, reinforces the ongoing blockade of the critical shipping lane.

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