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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 Monday, September 28, 2026

1. Headlines

Oil prices are rallying sharply today. As of this morning, WTI crude is at $95.74, up 3.6% (+$3.33), while Brent crude has surpassed $100 to $100.52, a gain of 3.16% (+$3.08). The immediate catalyst, according to reports from Rigzone and OilPrice.com, is a renewed stalemate between the U.S. and Iran over the reopening of the Strait of Hormuz. President Donald Trump rejected an Iranian proposal over the weekend, and Iran has reportedly stuck to its conditions for reopening the crucial waterway.

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