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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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Date: Monday, August 10, 2026

1. Headlines

Oil prices are rising this morning on dual geopolitical supply threats. WTI is up 1.73% to $79.53, and Brent is up 1.56% to $84.85. The immediate catalyst is a new report from OilPrice.com, citing social media and Gulf News, of another possible Iranian missile strike on a tanker off Oman, which remains unverified. This follows confirmed attacks last week. Concurrently, OilPrice.com reports Iran has presented the U.S. with six stringent conditions for reopening the Strait of Hormuz, including sanction relief and a U.S. military withdrawal from the Gulf, which analysts see as unlikely to be met.

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