Brent bias flipped 64 times to bearish on August 7, 2026
Brent crude is being driven higher by escalating geopolitical tensions in the Strait of Hormuz, where Iran has introduced restrictive shipping measures and attacks on vessels have severely disrupted flows. These supply concerns have pushed oil prices sharply higher, with a report noting that prices have climbed back above a key technical level. The situation remains fluid, with headlines pointing to potential prolonged disruption.
Updated
The reading that day
BearishAt the close of the UTC day.
BearishNeutralBullish
It changed 64 times during the day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Neutral
- 00:03Bearish
- 00:55Bullish
- 01:03Bearish
- 01:07Neutral
- 01:51Bullish
- 01:55Bearish
- 03:04Bullish
- 05:44Bearish
- 05:48Bullish
- 06:00Bearish
- 06:36Bullish
- 06:52Neutral
- 07:00Bullish
- 07:04Neutral
- 07:16Bullish
- 08:04Neutral
- 08:21Bullish
- 08:29Neutral
- 08:41Bullish
- 10:09Neutral
- 10:17Bearish
- 10:21Neutral
- 10:29Bullish
- 10:45Neutral
- 11:13Bullish
- 11:29Bearish
- 11:33Bullish
- 11:37Neutral
- 11:49Bearish
- 11:53Bullish
- 11:57Bearish
- 12:13Bullish
- 13:50Bearish
- 14:22Bullish
- 14:30Weak bearish
- 14:34Bearish
- 14:54Bullish
- 15:06Bearish
- 15:58Weak bullish
- 16:10Bullish
- 16:18Neutral
- 16:46Bullish
- 17:02Neutral
- 17:26Weak bullish
- 17:30Neutral
- 17:38Bullish
- 17:54Bearish
- 18:23Bullish
- 18:27Bearish
- 18:55Bullish
- 19:03Bearish
- 19:31Bullish
- 19:43Weak bullish
- 20:03Bullish
- 20:11Bearish
- 20:19Bullish
- 20:23Neutral
- 20:35Bullish
- 20:59Bearish
- 21:07Bullish
- 21:11Neutral
- 22:15Bullish
- 23:07Neutral
- 23:20Bearish
Headlines (13)
First seen on August 7
- Oil extends sharp gains as Iran seeks to ban U.S., Israeli ships from HormuzInvesting.com
- Oil Prices Tumble as Traders Price In a Strait of Hormuz BreakthroughOilPrice.com
- Oil shouts, payrolls whispers - Options Brief - 7 August 2026home.saxo
- The Straits Are Not OKforeignpolicy.com
- ADNOC Says Three Vessels Attacked This Week as Hormuz Shipping Remains Severely Disruptedgcaptain.com
- Saudi Bab al-Mandeb Flows Sink, Hormuz Goes Darkenergyintel.com
Carried over from earlier days
- Oil Extends Losses on Hormuz Talksrigzone.com
- Oil: Distillate exports tighten market – INGFXStreet
- Will the US-Iran war and Hormuz deadlock last for months?Al Jazeera
- Gulf Shipping Grinds to a Halt Following Houthi Missile ClaimOilPrice.com
- Oil prices have climbed back above a key technical level — live coverageMarketWatch
- Brent crude oil price on the ICE exchange rises by more than 3%TASS
- Oil prices jump after Iran publishes restrictive draft plan for Strait of HormuzCNBC
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, August 7 | ||
| USD-Denominated Trade Balance | 108.6B | CNY |
| Trade Balance | 735B | CNY |
| Unemployment Rate | 6.5% | CAD |
| Employment Change | 17.8K | CAD |
| Ivey PMI | 55.4 | CAD |
| Annual Budget Release | CAD | |
| Sunday, August 9 | ||
| PPI y/y | 3.9% | CNY |
| CPI y/y | 0.8% | CNY |