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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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Energy Market Briefing Wednesday, September 9, 2026

1. Headlines

Oil prices surged today, with Brent crude breaking the $100 per barrel mark for the first time since late July. As of this morning, Brent traded at $100.42, up $2.50, while WTI rose $2.04 to $95.07. The rally is being widely attributed to a sharp re-escalation of hostilities between the U.S. and Iran. According to reports from OilPrice.com and Rigzone, U.S. forces destroyed five Iranian crude oil carriers in the Gulf of Oman and near Kharg Island late Tuesday. Iran retaliated by firing ballistic missiles toward Jordan. Analysts at ING stated these developments reinforce the view that a restart in U.S.-Iran talks is unlikely soon, with the market pricing in a "sizeable risk premium."

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