Brent bias flipped 34 times to bullish on August 9, 2026
Brent crude is being driven by the ongoing closure of the Strait of Hormuz, with Iran vowing to keep it shut until the U.S. meets its demands and recent attacks on a UAE ship heightening supply disruption fears. However, prices slid more than 8% for the week as traders hoped for a reopening deal, while airlines scrambling for jet fuel underscore the real-world impact of the disruption. The stalemate in the Iran war and the potential for a prolonged closure, possibly up to a year, keep the market focused on this critical shipping chokepoint.
Updated
The reading that day
BullishAt the close of the UTC day.
BearishNeutralBullish
It changed 34 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
- 00:19Bullish
- 01:39Neutral
- 05:15Weak bullish
- 07:15Neutral
- 07:23Bullish
- 08:03Weak bullish
- 08:11Neutral
- 08:48Bullish
- 08:52Neutral
- 11:20Bullish
- 11:32Neutral
- 11:40Bullish
- 11:44Neutral
- 12:00Weak bullish
- 12:04Bullish
- 12:08Bearish
- 12:12Bullish
- 12:40Weak bullish
- 13:28Neutral
- 15:05Bullish
- 15:13Weak bullish
- 15:21Neutral
- 15:49Bearish
- 16:01Neutral
- 17:42Bullish
- 17:58Bearish
- 18:06Neutral
- 20:18Bullish
- 20:42Neutral
- 21:03Bullish
- 21:07Neutral
- 21:43Bullish
- 22:11Neutral
- 22:27Bullish
Headlines (15)
First seen on August 9
- Iran issues new demands as Pezeshkian seeks dealAl Jazeera
- Middle East crisis live: Hormuz will stay closed until US ‘accepts all our conditions’, say Iran’s Revolutionary GuardsThe Guardian
- Oil slides more than 8% for the week as traders hope for Hormuz reopening dealcontent-media.investing.com
- Iran War Timeline: Key Moments and Attacks In U.S. and Israel’s CampaignThe New York Times
- Oil Prices Climb and Stocks Dip on Stalemate in Iran WarThe New York Times
Carried over from earlier days
- Oil extends sharp gains as Iran seeks to ban U.S., Israeli ships from HormuzInvesting.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
- Brent climbs $1 on uncertainty over end to Iran waroilandgas360.com
- Saudi Bab al-Mandeb Flows Sink, Hormuz Goes Darkenergyintel.com
- U.A.E. Says Iran Attacked One of Its Ships in HormuzThe Wall Street Journal
- Iran Says Hormuz Stays Closed Until U.S. Meets Six Sweeping DemandsOilPrice.com
- Airlines Scramble for Jet Fuel as Hormuz Disruption Drags OnOilPrice.com
- Strait of Hormuz may remain closed to shipping for up to one year — Iraqi expertTASS
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, August 9 | ||
| PPI y/y | 3.9% | CNY |
| CPI y/y | 0.8% | CNY |
| OPEC-JMMC Meetings | All | |
| Wednesday, August 12 | ||
| Building Permits m/m | 1.0% | CAD |
| Crude Oil Inventories | USD | |
| Thursday, August 13 | ||
| Foreign Direct Investment ytd/y | CNY | |
| New Loans | 350B | CNY |
| M2 Money Supply y/y | 7.9% | CNY |