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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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Daily Energy Market Briefing Thursday, October 22, 2026

1. Headlines

Oil prices surged in early trading today, driven by renewed fears of supply disruption in the Middle East. WTI crude is up 2.44% to $99.52, while Brent crude jumped 2.89% to $111.97. The immediate catalyst is a claim from Iran’s Islamic Revolutionary Guard Corps (IRGC) Navy, reported by OilPrice.com, that seven vessels, including oil tankers, were hit by Iranian forces or struck mines in the Persian Gulf over the past day. This comes on the heels of a Houthi attack on Saudi Arabia's Shaybah oilfield on Wednesday, which resulted in two fatalities but did not disrupt operations, according to OilPrice.com.

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