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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 Morning Briefing Saturday, August 15, 2026

1. Headlines

Oil prices are moving higher this morning, with WTI up 1.42% to $82.40 and Brent up 1.67% to $88.52. According to Rigzone, the rise is attributed to continued uncertainty over the Strait of Hormuz and a new U.S. threat of "unprecedented sanctions" on Iran. Treasury Secretary Scott Bessent stated the sanctions are part of a "one-two punch" that includes the ongoing blockade of Iranian ports.

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