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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 Briefing Tuesday, August 18, 2026

1. Headlines

Oil prices are trading higher this morning, with Brent crude briefly topping $91 and WTI holding above $84. The immediate catalyst, according to multiple reports from OilPrice.com and Rigzone, is a fresh security incident in the Strait of Hormuz. An unidentified cargo vessel was struck by a projectile, damaging its engine room and causing a crew casualty. This follows a claim by Houthi forces, reported by OilPrice.com, of a third drone attack in two weeks on Saudi Aramco’s Jazan refinery on the Red Sea coast.

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