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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 Tuesday, September 22, 2026

1. Headlines Oil prices are under significant pressure this morning, with WTI crude down 2.61% to $89.96 and Brent crude down 2.16% to $98.17, according to the price data. The immediate catalyst, as reported by OilPrice.com and Rigzone, is a renewed wave of diplomatic hope regarding the U.S.-Iran war. A senior Iranian government official told Japan’s Kyodo News agency that Iran has offered to reopen the Strait of Hormuz within seven days if the U.S. takes steps to ease its military blockade and pressure. This report, coupled with higher-than-expected Saudi oil shipments transiting the Strait, is driving the sell-off.

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